Hertz Global Holdings Inc. ended last year with far fewer Tesla Inc. vehicles in its fleet than planned when the rental-car company was plotting its late 2021 stock listing.
In an annual regulatory filing Tuesday, Hertz said its rental fleet in the Americas peaked at 428,700 vehicles last year, and that Teslas were 11 percent of its fleet. That means Hertz had fewer than 50,000 Teslas in its fleet — less than half the 100,000 the company said it would order by the end of 2022.
Hertz’s October 2021 announcement of its Tesla order sent the electric-vehicle maker’s valuation soaring past $1 trillion for the first time. It also helped drum up interest in the rental-car company, which staged its post-bankruptcy public offering two weeks later.