Last week, the electric automaker's market cap hit $1 trillion after Hertz said it would order 100,000 Teslas by the end of 2022.
"This is about relationships. From that standpoint, the Tesla relationship is very important to us, but … we also have relationships with all of the automakers, and we want to help them as they introduce their electrified vehicles," Fields said during an interview on CNBC's "Squawk Box."
Fields, formerly CEO of Ford, described the move as a "strategic discussion" to help automakers that started with Tesla and will continue with other companies. "We've done that with Tesla and our intent is to do that with all of the automakers," he said. Investors have traditionally frowned upon automakers when they sell large amounts of vehicles to daily rental fleets. That's because cars and trucks sold to rental companies are usually sold at a discount, with such deals used to reduce bloating inventories and increase their total vehicle deliveries.
However, shareholders and analysts responded favorably to the idea of Tesla selling 100,000 fully electric vehicles to Hertz. The move was seen as a sign that battery-electric cars were going more mainstream."The Hertz deal we believe will be viewed as a tipping point for the EV industry as this 100k Model 3's/$4 billion+ deal for Tesla speaks to more mainstream adoption for EVs as today only 2% of autos in the US are EV driven compared to 10%+ in China with rapid growth on the horizon.
Musk, who owns around 20% of Tesla, has seen his net worth rise with the electric vehicle maker's share price. He is now the world's wealthiest person.
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