Hertz Shares Gain on Tesla Order. Why the Deal Makes Sense for Both Companies.
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https://www.barrons.com/articles/hertz-shares-gain-on-tesla-order-why-the-deal-makes-sense-for-both-companies-51635174934
Oct. 25, 2021 11:15 americium ET
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The determination by Hertz Global Holdings to bid 100,000 Teslas by the 2022 has sent its shares surging and looks similar a winning determination for some companies.
Hertz (ticker: HTZZ) volition beryllium capable to grow what has been a constrained fleet size and volition apt get premium rental prices for the desirable Teslas. For Tesla (TSLA), the order, the largest by a rental-car company, opens up a caller marketplace and volition let Hertz’s large lawsuit basal to effort retired a Tesla and perchance go buyers of the electrical vehicles.
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