Larry Ellison’s Big Tesla Stake Is Mostly Old News

Cornelia Mascio
Gennaio 10, 2019

At current market prices, Ellison's stake is likely somewhere near 3 million shares of the EV automaker. Helping thaw frosty relations between the USA and China, or getting the company's planned $5 billion plant outside Shanghai up and running by the end of the year?

Musk drew scrutiny from regulators in August when he tweeted that he was taking the company private at $420 share and had secured the necessary funding, initially causing Tesla's shares to spike. Musk lauded China's efficiency and speed of development, adding it was hard to imagine Tesla could complete all procedures for the factory in such a short period of time.

Ellison's intentions for the board and Tesla are not known, and neither are his ownership goals. Ellison is the world's sixth richest man according to Forbes and was often cited as a major investor in Tesla.

Ellison is worth just shy of $60 billion and according to Tesla's filing his personal investment now stands at a billion dollars. The 1.75 per cent stake makes him the second-largest disclosed individual shareholder after Musk, the chief executive officer who owns about a fifth of the company, according to data compiled by Bloomberg.

Tesla has always been his second-largest investment, but there's little stopping him from making it his first. TSLA shares largely withered the major tech sell-off during last quarter and was actually up a year ago about seven percent. Ellison's now $1 billion in shares represents a mere sliver of his $51.4 billion in wealth.

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