Oracle co-founder Larry Ellison holds Tesla stock worth $1 billion, according to a new securities filing. The filing revealed Mr. Ellison holds 3 million Tesla shares, or a 1.7% stake, through the Lawrence J. Ellison Revocable Trust. That makes him the second-largest known individual holder after CEO Elon Musk.
Mr. Ellison is a friend of Mr. Musk’s, and he had to disclose his stake in the company as a result of joining Tesla’s board in late December. It wouldn’t be surprising if Mr. Musk’s other billionaire friends also end up investing in the company.