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Ellison Builds $1 Billion Tesla Stake to Become a Top Holder

  • Oracle founder says in filing he owns 3 million Tesla shares
  • Ellison was named to board in December to improve oversight
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Ellison Reveals $1 Billion Stake in Tesla
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Oracle Corp. founder Larry Ellison has acquired a $1 billion stake in Tesla Inc., making him the carmaker’s second-biggest individual investor after his close friend Elon Musk.

The holding was confirmed in a regulatory filing Tuesday, less than two weeks after Ellison joined Tesla’s board. Shares of the company edged up 0.1 percent to close at $335.35.