Hertz reveals: 100,000 huge orders Tesla has only delivered about half

Rental car company Hertz has revealed that Tesla has delivered only about half of its massive order for 100,000 electric cars.

In 2021, Hertz announced a major initiative to electrify its rental fleet with the purchase of a massive 100,000 Tesla Model 3 vehicles. Most recently, the company added Model Y vehicles to its order.

The rental car company says it expects to have all 100,000 Tesla vehicles by the end of 2022 -- although Tesla does not appear to be fully compliant with that timeline.

Today, Hertz disclosed through its 2022 annual filing that the company had approximately 48,344 Tesla electric vehicles by the end of the year.

The filing shows that for the year ending Dec. 31, 2022, Hertz's fleet in the Americas peaked at 428,700 vehicles, 11 percent of which were Tesla vehicles. The company also had 1,187 Teslas in its international fleet.

Media reports say this is disappointing, as Hertz appears to have acquired only about half of its planned 100,000 Tesla vehicles. However, the numbers are very confusing.

Shortly after announcing the Tesla order, Hertz announced that in addition to adding Teslas to its rental fleet, the company had reached an agreement with Uber to offer its drivers access to Tesla cars, and would lease 50,000 Teslas to Uber drivers, with the option for more if the program is successful.

Last month, Hertz confirmed that nearly 50,000 Uber drivers have rented Teslas through the program. It's unclear whether the program is on top of Hertz's Tesla Fleet Consumer Leasing service or goes hand-in-hand.

Last December, Hertz and Uber also announced the deployment of 25,000 Tesla and Polaris electric vehicles in Europe.