As Tesla moves HQ to Austin, it lands $4 billion order from Hertz

Austin News Briefs - Austin American Statesman

Tesla has landed its biggest single order deal ever — estimated to be worth more than $4 billion — just weeks after the automaker announced it is relocating its corporate headquarters to Austin. Rental car company Hertz placed an order for 100,000 Tesla vehicles to be delivered by the end of 2022 — the biggest order for electric vehicles ever placed by a rental car company. The rental company is purchasing Tesla Model 3 sedans, the company's midsize four-door car. Reuters news service estimated that Tesla surpassed $1 trillion in market capitalization on Monday.