Larry Ellison Discloses $1 billion Stake in Tesla

Oracle Corp.’s Larry Ellison has disclosed a $1 billion stake in Tesla Inc.
The holding in the luxury electric car-maker was revealed in a filing with the Securities & Exchange Commission.
Billionaire Ellison, a long-time friend of Tesla TSLA, +0.12%   chief executive officer Elon Musk, joined the electric car maker’s board in December and he has been critical of what he charges is unfair media coverage of the outspoken Musk.
Ellison ranks as the world’s ninth-richest person with a net worth of $51.4 billion on the Bloomberg Billionaires Index.
 
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