Hertz orders 100,000 Tesla cars for end of 2022 By Reuters

by Msnbctv news staff

© Reuters. FILE PHOTO: The desk of automotive rental firm Hertz is seen at Good Worldwide airport through the coronavirus illness (COVID-19) outbreak in Good, France, Could 27, 2020. REUTERS/Eric Gaillard

(Reuters) – Hertz stated on Monday the automotive rental agency has ordered 100,000 Tesla (NASDAQ:) Inc automobiles for supply by the tip of 2022 because it invests to construct the most important electrical automobile rental fleet in North America.

Tesla shares have been up 4% at $946.32 earlier than the bell.

Hertz had filed for chapter safety final yr as journey demand sank through the peak of the pandemic and talks with collectors failed to supply reduction.

It was rescued by a gaggle of traders together with Knighthead Capital Administration, Certares Alternatives and Apollo Capital Administration.

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