Elon Musk broke the spell of the car industry with the Tesla-Hertz deal
Rental-fleet sales have a mixed track record, but Tesla’s agreement could lead to the adoption of electric vehicles.
The sale of rental car fleets has at times been seen as a liability for automakers. Elon Musk denies that stigma, Tesla Inc.’s Hertz Global Holdings Inc. With a car supply agreement. Electric vehicles that give signals are ready for the public.
Hertz said its market capitalization has increased by an estimated 109 billion since Tesla ordered the delivery of 100,000 vehicles by the end of next year. That share-price rise helped Tesla become the latest U.S. company to cross the 1 trillion market value.