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Elon Musk Says No Contract Has Been Signed Between Tesla & Hertz

Tesla Chief Executive Elon Musk said the electrical vehicle company has no longer but signed a handle Hertz, no topic an announcement last month that the corporate modified into once ordering 100,000 Teslas. 

“I’d seize to stress that no contract has been signed but,” Musk tweeted Monday. “Tesla has a long way more demand than manufacturing, therefore we are going to be able to perfect sell autos to Hertz for the identical margin as to shoppers. Hertz deal has zero attain on our economics.”


You’re welcome!

If any of this is per Hertz, I’d seize to stress that no contract has been signed but.

Tesla has a long way more demand than manufacturing, therefore we are going to be able to perfect sell autos to Hertz for the identical margin as to shoppers.

Hertz deal has zero attain on our economics.

— Elon Musk (@elonmusk) November 2, 2021

In October, Hertz said it ordered 100,000 Teslas to be dropped on the condo-vehicle company by the tip of next twelve months, a deal that promised to inform more drivers to the electrical vehicle’s technology. 

After Musk’s tweet, on the opposite hand, a Hertz spokeswoman stood by the corporate’s earlier announcement and that deliveries respect already begun. 

“As we announced last week, Hertz has made an preliminary account for of 100,000 Tesla electric autos and is investing in contemporary EV charging infrastructure all around the corporate’s international operations,” the spokeswoman said, per the Wall Avenue Journal. “We’re seeing very get early demand for Teslas in our condo quick, which shows market demand for Tesla autos.” 

Within the preliminary announcement, Hertz said it modified into once partnering with NFL celebrity Tom Brady to promote Tesla’s electric vehicle campaign. 

Following the Hertz announcement, every Tesla and Hertz stocks soared. 

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