UberAnnouncement early WednesdayHertz was the sole proprietor of this property. ordered 100,000 TeslasUber drivers looking to rent cars will be able to get half that number by 2023.

Uber shares rose by 2% during the premarket Tesla shares rose by just over 1 percent.

Uber stated that the agreement is an important step towards its zero emission goal. It will also offer drivers a means to boost earnings and save on fuel costs.

Drivers can now rent 2021 Tesla Model 3 cars from Hertz starting Monday in Los Angeles, San Francisco, San Diego, and Washington, DC. In the coming weeks, it will be expanded nationwide.

According to the company, Tesla rental rates will begin at $334 per week (excl. taxes and fees), but prices will drop to $299 over time. Initial requirements for drivers include a minimum of 150 trips and a rating of at least 4.7 stars.

Andrew Macdonald SVP Mobility and Business Operations, stated that the partnership was a positive step in advance of electrification through Uber.

Uber has announced a partnership after an eventful week. Hertz’s deal will be Tesla’s largest-ever purchase of electric cars, with a total estimated $4.2 billion. Bloomberg previously reported

This helped to catapult Tesla’s market cap to $1 trillion for the first timeJoining the likes Apple Amazon

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