Benzinga | Oct 27, 2021 06:15AM EDT

You Will Be Able To Uber A Tesla Via Hertz Soon

* U.S. Uber Technologies (NYSE:UBER) drivers will be able to offer services with Tesla Inc (NASDAQ:TSLA) electric vehicles rented from Hertz Global Holdings Inc (OTC:HTZZ) from November 1, Bloomberg reports.

* Hertz will supply up to 50,000 EVs to drivers for Uber by 2023. Till now, Uber drivers have had to provide and maintain their own EVs.

* The cars will initially be available through Hertz's rental program in Los Angeles, San Francisco, San Diego, and Washington, D.C., followed by a nationwide roll-out in subsequent weeks.

* Hertz's $4.2 billion Tesla order sent the automaker's market value past $1 trillion.

* Tesla rentals will start at $334 a week and drop to $299 or lower as the program gets underway.

* Initially, Uber drivers require a 4.7-star rating or more and have completed a minimum of 150 trips to be eligible.

* Price Action: UBER shares traded higher by 0.26% at $46.02 in the premarket session on the last check Wednesday.