Larry Ellison Discloses 3M Share Stake in Tesla (TSLA)

Oracle founder Larry Ellison revealed in an SEC filing that he owns 3 million shares of Tesla (NASDAQ: TSLA), where he was recently named a Director. Based on the current market price of Tesla, the stake is worth just over $1 billion.

The stake is not completely new news. In October, Ellison said that Tesla was his second-largest holding and he defended Tesla CEO Elon Musk.

Ellison owns the Tesla stock through a revocable trust.

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