by Fred Lambert
November 4, 2021
Tesla and Hertz are reportedly in the middle of a disagreement over how fast the former can deliver the 100,000 electric cars that the rental company ordered.
It sent Tesla’s stock surging significantly until CEO Elon Musk put on the brakes by commenting that they haven’t “signed” a contract with Hertz.
The comment brought confusion since the original announcement from Hertz clearly stated that the order has been placed.
“The two companies are hammering out details of a deal that would specify the timing of deliveries, the people said. Tesla is still expected to supply the 100,000 vehicles at the list price to Hertz, with timing of the deliveries being the key issue, the people said.”