Billionaire Oracle founder reveals $1 billion stake in Tesla
Larry Ellison (pictured), billionaire founder of multinational tech company Oracle, has acquired a $1 billion stake in Tesla through his family office, the Lawrence J. Ellison Revocable Trust.
According to paperwork Ellison filed with the US and Exhange Commission on Tuesday, the 74-year-old indirectly owns 3 million Tesla shares through the trust which makes investments on his behalf.