Tesla-Hertz deal is a 'major win-win for both sides:' Hedge fund veteran

The Tesla (TSLA)-Hertz deal is a "major win-win" for both sides, says Nicholas Colas, co-founder of DataTrek Research.

The hedge fund veteran says the arrangement is a "fascinating case study in how new and old industries still need each other to maximize the impact of disruptive technologies on the one hand and leverage that same technology to remake a stale business model on the other."

$Tesla(TSLA.US)$ To me this smells like the Steve Jobs Apple/AT&T arrangement, which was brilliant. Apple was able to get features like visual voicemail to their users in exchange for an exclusive deal with a major cellular provider that needed a boost. Win/Win. We are just starting to realize how Hertz will benefit from this, but over time we'll probably be thinking it was obvious.