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Larry Ellison Discloses $1 Billion Tesla Stake

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.

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