Uber to make up to 50,000 Teslas available to rent in partnership with Hertz

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Uber on Wednesday announced a new partnership with Hertz to make 50,000 Teslas available for drivers with the platform to rent.  

Drivers in the United States will be able to rent the fully electric Teslas by 2023, Uber confirmed in a statement obtained by USA TODAY. But, beginning on Nov. 1, drivers can rent the cars in four cities across the country – Los Angeles, San Francisco, San Diego and Washington, D.C.  

The ride share platform explained that most drivers who use Uber own their car, but some drivers rent a vehicle. Uber has offered rental options for drivers through Hertz since 2016.  

Tesla rentals will begin at $334 per week for drivers and decrease to $299 or lower as the program continues, according to Uber. That includes insurance and maintenance for the vehicles.  

Uber in the statement touted that drivers will reduce their environmental impact by switching to electric vehicles and save on gasoline costs.  

Hertz: Rental car company to add electric vehicle charging stations in Tesla deal

Tesla hits $1 trillion:: What to know as company becomes just fifth US company to reach milestone

Hertz announced earlier this week that it plans to buy 100,000 cars from Tesla by the end of 2022 and install thousands of electric vehicle changing stations. 

The move is among the largest electric vehicle orders ever placed. Amazon previously ordered 100,000 electric vans from startup Rivian.  

Tesla’s stock price on Monday closed at $1,024.86, and the company’s market value increased to more than $1 trillion. It is the fifth U.S. company to reach the milestone, joining Apple, Microsoft, Amazon and Google parent Alphabet.  

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