Just last year, rental-car giant Hertz was filing bankruptcy, selling massive amounts of inventory just to stay afloat. It has managed to make a comeback however, and recently placed an order for 100,000 Teslas.

Hertz is also building its own charging infrastructure as well as utilizing Tesla’s network of superchargers for customers.

Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet. Tesla Inc.’s shares soared, pushing the automaker’s value past $1 trillion for the first time.

It’s the single-largest purchase ever for electric vehicles, or EVs, and represents about $4.2 billion of revenue for Tesla, according to people familiar with the matter who declined to be identified because the information is private.

Tesla shares rose as much as 9.8%, the most intraday since March 9, to a record $998.74, making it one of only five publicly traded U.S. companies with valuations above $1 trillion. Hertz, which currently trades over the counter ahead of its relisting on the Nasdaq Stock Market, surged as much as 14% to $28.25.

 https://www.powernationtv.com/post/hertz-has-revived-itself-and-purchased-100000-teslas

https://www.bloomberg.com/news/articles/2021-10-25/hertz-said-to-order-100-000-teslas-in-car-rental-market-shake-up