The maker of the most successful electric car, Tesla has had its value skyrocket with hire car Hertz placing an order of 100,000 EV’s from the brand.
Becoming public in 2010, Tesla has become one of the fastest growing companies in history, with the success of its Model 3.
Enigmatic billionaire Elon Musk is set to profit from the deal with his personal fortune jumping by almost $US36 billion ($48 billion) to $US289 billion.
Hertz is set to take receipt of the the cars by the end of 2022, and is upgrading its network to install electric charges.
No announcement has been made whether Australian car rentals will adopt the shift to EV’s in the near future.