Oracle's Ellison makes it official: He owns $1 billion of Tesla

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Billionaire Oracle Corp. cofounder and newly-minted Tesla board member Larry Ellison holds exactly 3 million Tesla shares, worth a little over $1 billion as of the opening bell on Tuesday. That's according to paperwork he filed with the U.S. Securities and Exchange Commission this week. Ellison, 74, holds the shares in the Ellison Revocable Trust, a family office that makes investments on his behalf. It’s still unclear when he bought the shares, and at what price. Ellison is now the second-largest...

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