Vladimir Putin’s gold strategy explains why sanctions against Russia have failed 
Kawhi Leonard and New Balance Launch the Highly Anticipated KAWHI IV Sneaker 
Taeyoung to Sack Executives, Cut Employees' Salaries to Save Company 
Why is toddler milk so popular? Follow the money 
Meta AI to Supercharge WhatsApp, Facebook, Instagram via Powerful Integration 
How cuts to marginal income tax could boost the UK’s stagnant economic growth 
LG Electronics Eyes $1 Billion Through Bond Deal 
The Original Mouthful: McDonald's Australia Revives Legendary Big Mac Chant with a Tech Twist 
Canada Set to Enforce OECD Crypto Tax Standards by 2026 
Low pay and few contracts make freelance journalism a bleak prospect in 2024 
Hyundai Halts Advertising on X Amid Antisemitism Row 
Industrialisation is still vital to economic development but some countries are struggling to reap its benefits 
LVMH Adds Bernard Aranault’s Sons Frederic and Alexandre Arnault to the Board 
Japan Posts 7.7% Growth in Machinery Orders 
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.
