You Will Be Able To Uber A Tesla Via Hertz Soon

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  • U.S. Uber Technologies UBER drivers will be able to offer services with Tesla Inc TSLA electric vehicles rented from Hertz Global Holdings Inc HTZZ from November 1, Bloomberg reports.
  • Hertz will supply up to 50,000 EVs to drivers for Uber by 2023. Till now, Uber drivers have had to provide and maintain their own EVs. 
  • The cars will initially be available through Hertz's rental program in Los Angeles, San Francisco, San Diego, and Washington, D.C., followed by a nationwide roll-out in subsequent weeks.
  • Hertz's $4.2 billion Tesla order sent the automaker's market value past $1 trillion. 
  • Tesla rentals will start at $334 a week and drop to $299 or lower as the program gets underway. 
  • Initially, Uber drivers require a 4.7-star rating or more and have completed a minimum of 150 trips to be eligible. 
  • Price Action: UBER shares traded higher by 0.26% at $46.02 in the premarket session on the last check Wednesday.
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