The deal that flew the Tesla stock - Walla! vehicle

2021-10-26T06:49:38.262Z

Tesla shares are climbing following a "Hertz" announcement that it has ordered 100,000 cars from it vehicle Car News The deal that flew Tesla shares Only a year ago it seemed that the car rental company "Hertz" was going to return the keys, now it is already announcing an unprecedented move together with Tesla Tags Tesla Keenan Cohen Tuesday, 26 October 2021, 09:00 Updated: 09:23 Share on Facebook Share on WhatsApp Share on general Share on general Share on Twitter Share on Email 0 comments

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The deal that flew Tesla shares

Only a year ago it seemed that the car rental company "Hertz" was going to return the keys, now it is already announcing an unprecedented move together with Tesla

Road test: Tesla Model 3 LR survived the challenge?

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Continues to rise in the value of the company and the stock (Photo: Manufacturer's website)

It seems that the rental company, which only a few months ago emerged from a deep crisis that almost led it to bankruptcy, is determined to fundamentally change the car rental model and move much of its operations to electric vehicles.

To support this move, Hertz will set up thousands of charging stations in its network, in addition to the charging stations of Tesla itself (Supercharger) about 3,000 of which are scattered throughout Europe and the United States.

With a base price of $ 44,000 for the Model 3, the value of the order that encompasses the said 100,000 car stands at $ 4.4 billion or in numbers $ 4,400,000,000.

This is the largest electric vehicle deal to date.

Hertz is expected to receive the car supply by the end of 2022. The

increase in the share value is also closely related to the fact that with the close of October it turns out that the Tesla Model 3 is the first electric vehicle to become the best-selling in Europe this month.

With a base price of $ 44,000, the total transaction value is $ 4.4 billion (Photo: Keinan Cohen)

The timing of the announcement of Tesla-Hertz's huge deal and the fantastic sales figures in Europe came just in time, when just before that it seemed the headlines would catch on to another issue related to the manufacturer's flagship project - its "autonomous driving" software or as it calls it FSD.

After releasing beta versions for the experience of a small and select group of car users, who have a high "driving score", the manufacturer announced that it is lowering the software version from 10.3 back to 10.2 due to a performance that did not meet full expectations.

At least some of the reports touched on the difficulty of making left turns.

Left turns are more complex to make due to the need to schedule crossing of the near lane and integration into the far lane, when joined by the great challenge of autonomous cars - the ability to produce expectations for the behavior of other road users and respond to it.