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Larry Ellison Has $1 Billion In Tesla

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Larry Ellison Has $1 Billion In Tesla

Larry Ellison Has $1 Billion In Tesla

Tesla and Larry Ellison have confirmed via a new SEC filing that Ellison owns 3 million shares, which are worth about $1 billion.

The filing was necessary because Ellison agreed last week to join Tesla's board.

Tesla did not say when Ellison bought the shares, except that it was earlier this year.

However Ellison disclosed he had made a sizable investment back in October, the month when Tesla dropped near 52-week lows.

On Monday, Tesla and Larry Ellison officially reported and confirmed Ellison's precise stake in the company via an SEC filing: 3 million shares.

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