Hertz orders 100,000 Tesla cars - Bloomberg News

(Reuters) - Car rental firm Hertz has ordered 100,000 Tesla Inc cars, Bloomberg News reported on Monday, citing people with knowledge of the matter.

This marks the single-largest purchase ever for electric vehicles and represents about $4.2 billion of revenue for Tesla, according to the report.

Hertz and Tesla did not immediately respond to Reuters requests for comment.

Hertz filed for bankruptcy protection in May last year after travel demand sank during the height of the pandemic and talks with creditors failed to provide relief.

In May, Hertz said a group of investors including Knighthead Capital Management, Certares Opportunities and Apollo Capital Management would fund the company's exit from Chapter 11 bankruptcy.

Reporting by Subrat Patnaik and Sanjana Shivdas in Bengaluru; Editing by Shounak Dasgupta

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Several new entrants to TSXV large gold, including producer Asante

Gold stocks down on metal decline, equity market slide

Largest gold producers see strong Q3/25 earnings

Gold stocks jump on gain in metal price

AOCE and WB boost gold targets for 2025 significantly