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How a $4.2 Billion Deal Generated $119 Billion in Market Value

Hertz Gets Lenders' Forbearance In Bid To Avert Bankruptcy
Photographer: David Paul Morris/Bloomberg

It’s not every day that a simple $4.2 billion order creates a $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.