It’s not every day that a simple US$4.2 billion order creates a US$119 billion jump in value for the buyer and seller combined -- some 28 times the size of the sale itself.

But that’s what happened Monday, when Hertz Global Holdings Inc.’s order for 100,000 Tesla Inc. vehicles had an outsized impact on both companies’ shares -- as well as one particular shareholder.

In one of the largest-ever purchases of electric vehicles, Hertz will spend US$4.2 billion on the cars, about US$42,000 per car, Bloomberg News reported. The announcement pushed Tesla shares up more than 12% and added almost US$118 billion to the company’s market capitalization. Tesla is now the fifth-most valuable publicly traded company in the U.S. 

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