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17.11 - 02:31
Tech this week: Hertz’ $4 billion Tesla deal and Facebook in hot water…again
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euronews.comHertz announced on Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history.
The news of the deal triggered a rally in Tesla's stock, driving the carmaker's market value over the $1 trillion (€865.5 billion) mark for the first time.
The purchase by one of the world's leading rental car companies reflects its confidence that electric vehicles are gaining acceptance with environmentally minded consumers as an alternative to fossil fuel driven vehicles.
The Teslas are already arriving at the company's sites and should be available for rental starting in November, Mark Fields, Hertz' interim CEO, told the Associated Press.
Hertz said in its announcement that it will complete its
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