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Hertz Says It’s Already Receiving Teslas; Doesn’t Address Musk Tweet

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Tesla's Musk Says There's No Signed Deal With Hertz

Hertz Global Holdings Inc. said it’s already receiving cars under its plan to add 100,000 Tesla electric vehicles through 2022, without responding directly to a market-moving tweet from billionaire Elon Musk that said there’s been no signed contract between the companies yet. 

The rental-car company unveiled its EV initiative last week, a deal with potential to change the industry and speed consumers’ adoption of EVs. Shares of Tesla Inc. fell in early trading Tuesday after Musk, its chief executive officer, tweeted there was no contract yet and reiterated that Hertz wouldn’t get any special pricing.