Tesla Motors, Inc.
) will be supplying Model S electric vehicles to
Hertz Global Holdings, Inc.
) Dream Cars section in the U.S. The Model S vehicle is an
addition to Dream Cars' list of premium cars such as Ferrari,
) Mercedes Benz and Tesla Roadster.
Tesla's Model S will be available for customers at San Francisco
and Los Angeles airports. Hertz will expand the availability of
Model S to other locations depending on consumers demand.
The move to list Model S in Hertz's rental fleet is a strategic
one. Passengers will be able to experience a Model S ride, which
might lead them to purchase the car. Thus, Model S may experience
Tesla Model S is an 85kWh car that can cover 265 miles on a
single charge. The vehicle ensures fuel efficiency and zero
emission. It can reach a speed of 60 mph in 4.2 seconds. The
popular sports car offers luxury and quality driving experience.
Tesla's Model S has won the top vehicle safety rating from the
National Highway Traffic Safety Administration (NHTSA). The car
obtained a five-star rating overall and also for each of its
subcategories. This was a coveted award for Tesla as only 1% of
cars tested receive the 5-star rating from NHTSA. With this,
Tesla's Model S sedan ensures exceptional safety to the
passengers as it has the lowest possibility of injury to
passengers among all major cars sold in the U.S. The safety score
of this sedan exceeded the score of most sports utility vehicles
Hertz operates a car rental business under Hertz, Dollar,
Thrifty, and Firefly brands in North America, Europe, Latin
America, Asia, Australia, Africa, the Middle East and New
Zealand. Hertz is the number one airport car rental brand in U.S.
and operates at 111 major airports in Europe.
Tesla designs and manufactures electric vehicles and electric
vehicle power train components for partners including
Toyota Motor Corp.
). Currently, Tesla carries a Zacks Rank #2 (Buy), while Hertz
carries a Zacks Rank #3 (Hold).
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