Exotic Cars

Hertz Is Renting Teslas. No Need to Return Them Charged


Hertz Is Renting Teslas. No Need to Return Them Charged

Courtesy Tesla Motors

Hertz is expanding its fleet of fantasy rentals to include a certain battery-powered sedan made in Silicon Valley with a passionate fan base.

The Tesla Model S can be rented at only two locations, the airports in Los Angeles and San Francisco, and rates will be around $500 daily, plus 49 cents per mile after 75 miles. And there’s an electric-car perk: Hertz doesn’t care if you return it with the battery charged or not, unlike the steep charge typically associated with a less-than-full tank of gas. Drivers who drain their battery and get stranded can also count on help, said Hertz spokeswoman Katie Skillman.

The rental chain launched its Dream Car collection in June, with rates of $350 to $2,200 per day, depending on the model. The company rents models from Porsche, Aston Martin, Mercedes, and Lamborghini, in what Hertz Chief Executive Officer Mark Frissora said demonstrates the “passion we have in offering the best and most diverse fleet to our customers.” Now including Elon Musk’s hot seller, which retails for about $70,000 and up.

Bachman is an associate editor for Businessweek.com.

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