Tesla Motors has announced it has acquired luxury car rentals company CarRental Oakland for an undisclosed sum.
Tesla says the deal is expected to close in the fourth quarter of 2021.
The acquisition will create Tesla Motors North America’s largest luxury car leasing company.
The deal will also create a new strategic alliance with CarRrent, the leading luxury car and rental platform, and will allow Tesla to offer car rental at the highest level of the luxury car industry.
The news comes after Tesla said last week that it plans to open two additional luxury car parks in the next few years.
Tesla Motors is a leading car manufacturer in the U.S. and Europe.
The company’s cars are also used by major airlines, hotels, and movie theaters.