Tesla Shares Volatile But Largely Unch Following Release from Hertz Co. Will Introduce All-Electric Model S in US

The Hertz Corporation HTZ, the world's largest general use airport car rental brand, today announced the expansion of its Dream Cars with the introduction of the all-electric Tesla TSLA Model S in the U.S. With the expansion, consumers in select markets are now able to rent both the Tesla Model S and Tesla Roadster, along with a variety of other high-end performance vehicles, from Ferrari to Lamborghini to Porsche and Mercedes Benz, offered in Hertz's Dream Cars, a line of ultra-high-end performance vehicles that redefine the premium car rental experience. "Customer and industry support for Hertz's Dream Cars has been overwhelming, so adding the Tesla Model S to the already outstanding fleet was an easy choice," said Mark P. Frissora, Hertz Chairman and CEO. "The ability to offer a truly unique driving experience to Hertz customers is a thrill, and the addition of this vehicle shows the passion we have in offering the best and most diverse fleet to our customers." The Tesla Model S will be available in California – at San Francisco and Los Angeles airports -- and are the 85kWh model, capable of 265 miles on one charge. The all electric, zero emissions car can go 0-60 mph in 4.2 seconds. The Tesla Model S is the world's first premium sedan built from the ground up as an electric vehicle. At the heart of Model S is the proven Tesla powertrain, delivering both unprecedented range and a thrilling drive experience. With a rigid body structure, nearly 50/50 weight distribution and a low center of gravity, Model S offers the responsiveness and agility expected from the world's best sports cars while providing the ride quality of a luxury performance sedan. The Tesla Model S was named Motor Trend's 2013 Car of the Year [R] and received Consumer Reports highest score ever given to a car as well as NHTSA's 5-star safety rating.