Meta Partners With Reliance to Launch First AI-Powered Data Center in India 
Apple Unveils Enhanced Apple Intelligence and Next-Generation Siri at WWDC 2026 
US Appeals Court Keeps Trump’s 10% Global Tariff in Effect During Ongoing Legal Battle 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Intesa Sanpaolo Launches €30.6 Billion Bid for Monte dei Paschi to Drive Italian Banking Consolidation 
Woodside Energy Acquires PetroChina’s Browse Stake, Expands Position in Major Australian Gas Project 
New Zealand Manufacturing Slips Back Into Contraction in May 
Pakistan Economy Grows 3.7% in FY2026 Amid Strong Fiscal Performance 
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users 
SpaceX IPO Demand Surges Past $250 Billion Ahead of Historic Market Debut 
Changchun Targets EV Growth as China’s Auto Industry Consolidation Accelerates 
BHP Port Hedland Workers Back Strike Action Amid Pay Dispute 
OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic 
Hanmi Semicon Shares Surge After $33 Million SpaceX Investment 
Asian Stocks Rally as Trump Signals Iran Peace Deal; Tech and Chip Shares Rebound Strongly 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
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.
