Why Tesla Stock (and Hertz stock) Is Jumping Higher on Monday

·2-min read
Why Tesla Stock (and Hertz stock) Is Jumping Higher on Monday

The growth stock's gain is likely fueled by several things: price increases over the weekend for its flagship Model S and X vehicles, an analyst's move to hike his price target for the stock, and a big order of Tesla vehicles from rental car company Hertz (OTC: HTZG.Q). "As consumer interest in electric vehicles (EV) skyrockets, Hertz today is announcing a significant investment to offer the largest EV rental fleet in North America and one of the largest in the world," Hertz said in a press release Monday morning.

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