Hertz reportedly orders 100,000 Teslas in $4.2 billion deal

Hertz reportedly orders 100,000 Teslas in $4.2 billion deal

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Rental car company Hertz has ordered a fleet of 100,000 Teslas worth around $4.2 billion, according to a report from Bloomberg. Citing anonymous sources familiar with the deal, Bloomberg says the cars will be delivered over the next 14 months, part of an ambitious plan by Hertz to electrify its fleet just months after the company escaped bankruptcy.

The order is the single largest ever for electric cars, says Bloomberg, and has already buoyed Tesla’s stock, which was up 4.3 percent on the news in pre-market trading. It was also reported this morning that Tesla’s Model 3 became the first electric vehicle to top monthly sales charts in Europe this September. Earlier this month, the company reported record sales in its third quarter,…

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