Hertz says it may expand supply of Teslas to Uber to 150,000

SAN FRANCISCO, Oct 28 (Reuters) - Rental car company Hertz (HTZZ.PK) said on Thursday it could expand plans to supply Tesla (TSLA.O) vehicles to Uber (UBER.N) to 150,000 during the next three years from an initial fleet of 50,000, if the partnership is successful.

But Hertz added a chip shortage and other constraints could affect the plan.

Hertz earlier this week said it would order 100,000 Tesla vehicles by the end of 2022, half of which would be offered exclusively as a rental option for Uber drivers by 2023. read more

"Hertz will kick off the program by providing up to 50,000 vehicles by 2023 exclusively to Uber drivers. If successful, the program could expand to 150,000 Teslas during the next three years," Hertz said in a statement to Reuters.

"These ambitions could be affected by factors outside of its control, such as semiconductor chip shortages or other constraints," Hertz added.

Hertz Chief Executive Mark Fields disclosed a plan for the possible expansion of Uber partnership during an interview with CNN on Wednesday.

Reporting by Hyunjoo Jin and David Shepardson; Editing by Jan Harvey 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.

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