The NYPD is considering purchasing 250 Tesla Model 3s

According to Sina Financial News, the New York City Police Department is considering buying up to 250 all-electric Model 3 sedans from Tesla, which will make these high-performance cars into the hands of the largest police force in the United States.

The draft procurement contract shows that the NYPD pays $51,940 per car as part of the city's push for a transition to an all-electric fleet. While New York City has yet to commit to buying the cars, the contract, which will be discussed at a hearing Thursday morning, could be worth around $12.4 million.

The NYPD is the largest in the United States, with nearly 36,000 uniformed officers and 9,000 vehicles. This market was once dominated by The Ford Motor Company. As part of the pilot project, the current convoy at the police department in Fremont, where Tesla's California factory is located, includes a Tesla Model S and a Model Y.

Winning a police contract will expand Tesla's growing fleet business. Last month, car rental giant Hertz announced plans to buy 100,000 Tesla cars, which has sent Tesla's stock soaring, with a market capitalization of more than $1 trillion, but the current market value has fallen back to $980 billion.