Tesla stock surges toward a record after Hertz reportedly ordered 100,000 Tesla EVs

Shares of Tesla Inc. TSLA, +1.75% charged 4.3% higher successful premarket trading Monday toward different record, aft Bloomberg reported that Hertz Global Holdings Inc. HTZZ, -3.37% is looking to bargain 100,000 Tesla electrical vehicles arsenic portion of its program to electrify its fleet of rental cars. Hertz's banal was inactive inactive up of the open. Citing radical with cognition of the matter, the Bloomberg report said the bid placed by the rental car company, which conscionable came retired of bankruptcy 4 months ago, would correspond astir $4.2 cardinal successful gross for Tesla. The EV marketplace leader's banal has rallied 5.1% the past 2 days to adjacent astatine back-to-back records. It roseate 7.9% past week to people a ninth-straight play gain, the longest specified streak since the 12-week winning streak that ended successful February 2020. The banal has soared 41.4% implicit the past 3 months portion Hertz shares person changeable up 47.2% and the S&P 500 SPX, -0.11% has tacked connected 3.0%.