The Wall Street Journal reported on Thursday that Tesla and Hertz are working out how quickly the rental vehicle firm can receive delivery from its massive order of Tesla's electric cars.

Reuters reached out to Tesla and Hertz for comment, but neither responded right away.

Hertz announced last week that it has made an initial order for 100,000 Teslas. Interim According to Reuters, Hertz Chief Executive Mark Fields stated that the purchase will mostly consist of Model 3 automobiles. The revelation sparked a stratospheric rise in the carmaker's stock, propelling the company's market worth above $1 trillion.

Tesla CEO Elon Musk, on the other hand, rushed to Twitter on Monday to say that his business had not signed a contract with Hertz, halting the stock surge.

Hertz hasn't actually signed for 100,000 Tesla EVs, according to Musk » Stuff

In reaction to Musk's remarks, Hertz confirmed in a statement that Tesla car deliveries had already begun.

Hertz said on Tuesday that "we are experiencing very strong early demand for Teslas in our rental fleet, which reflects market demand for Tesla automobiles."

The corporation has already begun advertising its Tesla fleet on websites and in a series of YouTube videos starring Tom Brady, the quarterback of the New England Patriots.

Tesla shares were up 2.3% in premarket trade at $1,242, adding roughly $350 billion to the company's market worth since it published strong third-quarter earnings on Oct. 20.