Uber said on Wednesday, Oct. 27, that it will be providing 50,000 Tesla cars to its drivers by the year 2023. The company said that it will get the EVs from Hertz through a rental deal.
Hertz just placed an order for 100,000 units of Tesla cars earlier this week and it was reported that half of these will be supplied to Uber. In the agreement, drivers working for the said transport company can rent the Tesla cars if they want.
According to CNBC, Uber stated that the deal with Hertz is also part of its plan to achieve its zero-emissions goal. The company pointed out that this is also beneficial to drivers since using an electric car is one way to increase their earnings. This is because they will be able to save on gasoline.
The implementation of the deal is taking effect already since starting next week. Uber drivers can now rent the 2021 Tesla Model 3 cars under Hertz’s rental program. Initially, this was only available in San Francisco, Los Angeles, Washington DC, and San Diego. Uber will expand the program in the following weeks for nationwide coverage.
“This new program with Hertz aims to create positive environmental benefits by reaching rental drivers, who are often looking to offer rides for more hours and more miles than the average driver,” Uber senior vice president of mobility and business operations, Andrew Macdonald, said in a press release. “Research shows that when rideshare drivers go electric, they realize 3 to 4 times greater emissions savings than average car owners and we believe this will be a win-win for drivers who rent: a chance to both increase earnings and reduce environmental impact.”
Finally, Reuters noted the Hertz rentals for Tesla electric vehicles will mostly offer the Model 3 sedan. For Uber drivers, this model will be exclusively available to them and start out at $334 a week. The fee already includes the maintenance and insurance. The transport company said that the price for the rental will go down to just $299 per week or lower as it expands the rental program in the coming year.


JPMorgan Sees Large-Cap Biotech Stocks Entering New Growth Phase in 2026
Japan Inflation Falls Below BOJ Target as Energy Subsidies Ease Consumer Pressure
UK Hiring Slows as Iran War Fuels Economic Uncertainty in 2026
ECB Signals Possible Rate Hike as Middle East Tensions Push Euro Zone Inflation Higher
Oil Prices Climb as Trump Warns of Possible U.S. Strike on Iran
Trump Signals Tough Stance on Iran Uranium Stockpile as Nuclear Talks Show Limited Progress
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO
Stellantis CEO Antonio Filosa to Reveal Turnaround Strategy Focused on U.S. Sales and China Partnerships
Asian Stocks Slide Ahead of Nvidia Earnings as Tech Shares Tumble
Japan Posts Strong April Trade Surplus as Exports Surge Amid Robust U.S. and China Demand
Asian Stocks Rally as Nvidia Earnings Boost Tech Shares, Samsung Jumps on Wage Deal
Intuit Raises Full-Year Forecast After Strong Q3 Earnings Despite Stock Drop
China to Buy 200 Boeing Jets, Push for Extended U.S. Trade Deal
Gold Prices Slip as Iran Conflict and Fed Rate Hike Fears Weigh on Market Sentiment
Nvidia Earnings in Focus as U.S. Stock Futures Hold Steady Amid Rising Treasury Yields
Tencent Shares Jump 4% as AI Models Move Toward Paid Commercial Services
TrumpRx Expands Discount Drug Access With 600 Generic Medications 



