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Tesla Inc. (NASDAQ:TSLA) is reportedly expanding its rental program across various cities.
In a post on the social media platform X on Thursday, influencer Sawyer Merritt shared that the automaker was expanding its rental program across multiple cities in the U.S., citing a series of job listings on the company's careers page. The listings showcase “Rental Readiness Specialist” positions open across cities like Boston, Austin, Fort Worth, Phoenix, Houston and Nashville.
Merritt said that Tesla will offer "Unlimited miles, free Supercharging" as well as FSD access with the rental program. Tesla will offer "up to 7-day rentals" as well as a $250 discount on purchase "within 7 days of rental."
Merritt also said that the company is offering the Tesla Model 3 and Model Y for $60 per day, while the Cybertruck would be available for $75 per day. The Model S and the Model X are offered at $90/day.
It's worth noting that Tesla had initially announced a rental program at its San Diego location, and the program runs till December 31, 2025. Renters must be 21 years old and have a valid driver's license.
Musk had also predicted that Tesla owners would be able to rent out their vehicles when they aren't using them through a possible FSD business model for full self-driving, which could be like a combination of Uber Technologies Inc. (NYSE:UBER) and Airbnb Inc. (NASDAQ:ABNB).
Elsewhere, Gerber Kawasaki co-founder Ross Gerber praised the company's FSD v14, calling it a "big step up" from the FSD v13. He also said that he was “pretty pleased” with the system’s improvements with the updates.
Tesla scores well on Momentum and Quality metrics, while offering satisfactory Growth, but poor Value. Tesla also has a favourable price trend in the Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today!
Price Action: TSLA recorded a 2.17% decline to $395.23 at market close, but surged 0.60% to $397.60 during after-hours trading, according to Benzinga Pro data.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
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