White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
U.S. Futures Dip as Iran Ceasefire Faces Early Challenges 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
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.
