Larry Ellison's stake in Tesla is worth about $1 billion - Business Insider
Business Insider - Tue 8 Jan 21:12 GMT

Larry Ellison's stake in Tesla is worth about $1 billion - Business Insider

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

  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.

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

  When Tesla announced last week that it had landed Larry Ellison as one of two new board members, the company said that he had been a believer in the company who had purchased the 3 million shares sometime earlier this year.

  The filing didn't say when Ellison had bought in but at Tesla's current share price, of about $334, that stake is worth about $1 billion.