![]() The deal likely is worth around $4 billion because each Model 3 has a base price of about $40,000. ![]() ![]() ![]() But he said the company has sufficient capital and a healthy balance sheet after having emerged from bankruptcy protection in June. It also said it will establish its own electric vehicle charging network as it strives to produce the largest rental fleet of electric vehicles in North America.įields wouldn’t say how much Hertz is spending for the order. Hertz said in its announcement that it will complete its purchases of the Tesla Model 3 small cars by the end of 2022. In an interview with The Associated Press, Mark Fields, Hertz' interim CEO, said that Teslas are already arriving at the company's sites and should be available for rental starting in November.
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