Hertz announced this last week place an order with Tesla for 100,000 electric vehicles to add to its rental fleet, but Tesla founder and CEO Elon Musk tweeted this week that the deal has not yet been finalized.
The announcement of the order led to a rise in shares of Tesla, which helped it become part of the small club of publicly traded companies with $ 1 trillion market capitalization.
And although the announcement helped Musk become richer by $ 36 billion in just one day, Musk’s tweet seems to contradict Hertz’s statement.
If any of this is based on Hertz, I would like to emphasize that no contract has been signed yet.
Tesla has a much higher demand than production, so we will only sell cars to Hertz with the same margin as to consumers.
The Hertz deal has no effect on our economy.
– Elon Musk (@elonmusk) November 2, 2021
Like Gizmodo points out, however, that if you go back and read Hertz’s statement, you can see that the company hinted that the deal was not as final as it seemed, and many shareholders probably suggested:
As consumer interest in electric vehicles (EVs) rises sharply, Hertz today announced a significant investment to offer the largest EV fleet for rent in North America and one of the largest in the world. This includes an initial order of 100,000 Teslas by the end of 2022 and a new EV charging infrastructure in the company’s global operations.
Hertz never actually said he had ordered Teslas, only that the initial order for them by the end of 2022 was part of his plan for the future.
However, Hertz told Gizmodo that an order had been placed and that the electric cars were already being delivered.
“As we announced last week, Hertz placed an initial order of 100,000 Tesla electric vehicles and invested in a new EV charging infrastructure in the company’s global operations,” says Hertz. said a Gizmodo spokesman.
“Teslas shipments have already begun. We see a very strong early demand for Teslas in our rental fleet, which reflects the market demand for Tesla vehicles. “
So it’s not at all clear what’s really going on here, but given Musk’s fickle nature when it comes to his Twitter account, it might be best to go with official company statements that have been verified by legal teams.