Tesla says Hertz has not received any rebates – paid in full retail – for its electric rental fleet

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Tesla boss Elon Musk has denounced allegations that Hertz received a substantial discount to buy 100,000 electric cars.


The car rental giant Hertz would have paid full retail price – and got no discounts or incentives for its fleet – for its historic order for 100,000 Tesla electric cars.

Tesla boss Elon Musk has hit at claims Hertz received a special discount in the deal that helped push the electric car company’s stock market value beyond $ 1 trillion.

At Twitter overnight Tesla CEO Elon Musk said, “Cars sold to Hertz don’t get any discounts. Same price as for consumers.



And this despite the fact that most car manufacturers offer a 5 to 15% discount on fleet purchases.

Assuming all vehicles ordered were the entry-level, rear-wheel-drive variant – priced at US $ 45,490 in the US – the deal was therefore worth around US $ 4.6 billion (6.2 billion AU $).

If the long-range dual-motor option of US $ 51,490 were selected, the figure could reach US $ 5.15 billion (AU $ 6.8 billion).

The first rental Tesla are expected at Hertz outlets in Europe and the United States by the end of this year, with bulk deliveries expected in 2022.



William Davis

William Davis has been writing for Drive since July 2020, covering news and current affairs in the automotive industry. He focused on industry trends, autonomous technology, electric vehicle regulation and local environmental policy. As the newest addition to the Drive team, William was recruited for his attention to detail, writing skills and strong work ethic. Although he has written for various media including the Australian Financial Review, Robb Report and Property Observer, since graduating in media from Macquarie University, William has always had a passion for cars.

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