Billionaire Elon Musk admit in a late nighttime pinch his electric car companionship Tesla has n’t yet signed a contract with Hertz , despite an announcement by the rental car company on October 25 that it would be buying 100,000 new Teslas . Musk ’s tweet seems to contradict Hertz ’s purchase announcement last week — or , at the very least , the liveliness of the announcement — which helped Tesla become one of just a smattering of companies to achieve a market cap of $ 1 trillion .

Musk ’s tweet late Monday fall as a response to a Twitter user call Tesla Silicon Valley Club , which sent out a graph of Tesla ’s gillyflower toll and thanked the billionaire . But Musk apparently felt this was the time to come up clean about all the hype .

“ You ’re welcome ! If any of this is based on Hertz , I ’d like to underscore that no contract has been signed yet , ” Musktweeted .

File photo of Elon Musk, the wealthiest person in the world, in Delaware over the summer defending against a lawsuit brought by SolarCity shareholders.

File photo of Elon Musk, the wealthiest person in the world, in Delaware over the summer defending against a lawsuit brought by SolarCity shareholders.Photo: Matt Rourke (AP)

“ Tesla has far more requirement than output , therefore we will only sell car to Hertz for the same tolerance as to consumer . Hertz deal has zero event on our political economy , ” Musk stay .

But what about the large promulgation last workweek that Hertz was going to buy 100,000 Teslas ? If you take thepress releasevery , very closely , there ’s arguably some squirm way that permit for the fact that no contract has been signed :

As consumer interest in electric vehicle ( EV ) rocket , Hertz today is denote a meaning investment to offer the largest EV rental fleet in North America and one of the large in the world . This admit an initial order of 100,000 Teslas by the end of 2022 and new EV charging substructure across the company ’s ball-shaped surgery .

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Technically , Hertz , which left bankruptcy justfour months ago , never tell it had signed a purchase order for the vehicles . And you could even understand the phrase “ initial order of 100,000 Teslas by the end of 2022″ to mean that the lodge wo n’t be nail down until the end of 2022 , not that the cars will be deliver by the remnant of 2022 .

patently , people receive a very unlike impression from the announcement by Hertz last calendar week when the company put out anew TV adsfeaturing Tom Brady . And Tesla did n’t emerge a wardrobe expiration , perhaps because it does n’t have a public relations departmentanymore .

When Gizmodo asked Hertz for comment overnight we seemed to get a direct contradiction in terms of Musk .

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“ As we announced last workweek , Hertz has made an initial decree of 100,000 Tesla electric vehicle and is enthrone in new EV point infrastructure across the company ’s global mathematical process , ” a Hertz spokesperson told Gizmodo via email .

“ Deliveries of the Teslas already have started . We are understand very strong early need for Teslas in our rental fleet , which reflect market demand for Tesla vehicles , ” the spokesperson continued .

https://www.youtube.com/watch?v=0w-_GBAiajE

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You only ask to look at the newspaper headline after Hertz ’s announcement to see that everyone think Hertz had officially regularize the cars from Tesla .

Wall Street Journal : Tesla Surpasses $ 1 Trillion in Market Value as Hertz Orders 100,000 Vehicles

Bloomberg News : Hertz Order for 100,000 electron volt Sends Tesla Value to $ 1 Trillion

Argentina’s President Javier Milei (left) and Robert F. Kennedy Jr., holding a chainsaw in a photo posted to Kennedy’s X account on May 27. 2025.

Washington Post : Tesla ’s securities industry value tops $ 1 T after Hertz govern 100k railcar

All of this does call down the doubt of why Musk feel it was of import to respond to the anon. Tesla Silicon Valley Club ’s Twitter explanation about such a eventful deal and not issue some form of press statement . tidings issue monitor Musk ’s Twitter account tight , give the fact that he wields an enormous amount of tycoon , but there are some things that should probably be done the old fashioned way . Musk did , after all , make$36 billion in a exclusive dayall thanks to Tesla ’s stock price after the Hertz proclamation .

Elon Musk , the wealthiest person in the world , made another $ 24 billion on Monday , bringing his last worth to $ 335 billion . But Musk is seemingly still unbelieving that his money should be used to eat the pitiable . The billionaire founder of SpaceX nip his doubtfulness on Sunday that a one - fourth dimension donation of $ 6 billion would save 27 million masses from starvation .

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Musk said he ’d sell Tesla stock and make the donation if $ 6 billion would solve Earth hungriness , but the director of the UN ’s World Food Program explain it would n’t set up humans hungriness evermore , just address the immediate needs of 27 million people who are on the verge of starvation . Musk seemed unmoved by theplea for help .

The UN World Food Program , which won the Nobel Peace Prize in 2020 , was found in 1961 . The program delivers 15 billion rations annually , at a price of $ 0.61 per ration , harmonize to the program ’s internet site .

Musk , who has areputation as a real prick , paid $ 0 in Union taxes in 2018 and it ’s clear that no single person should be solely in charge of how $ 335 billion is spent . Tax the man and task him now , we say , maybe before hishouse of cardscollapses .

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Updated with input from Hertz .

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