Oracle founder unveiled his stake in Tesla




Oracle founder Larry Ellison revealed his share in Tesla. It is 1.75% (3 million shares) and is estimated at $ 1 billion, reports Bloomberg, citing documents that Mr. Allison sent to the US Securities and Exchange Commission.


Thus, the founder of Oracle is the owner of the second largest share of Tesla after Ilona Mask, who owns about 20% of the company. Larry Ellison owns his share not directly, but through the Lawrence J. Ellison Revocable Trust.


Recall that in December 2018, Larry Ellison was introduced to the Tesla Board of Directors as an independent director. Another chair was taken by Kathleen Wilson-Thompson, HR director at Walgreens Boots Alliance, the world's largest pharmaceutical company.


Recall, the US Securities and Exchange Commission ordered Tesla to invite two new independent directors after a scandal broke out in August, when Ilon Mask wrote on his Twitter about the possibility of Tesla being withdrawn from the stock exchange and turning it into a private company. The commission carried out an inspection and announced that Mr. Mask had misled Tesla investors. As a result, Ilona Mask had to leave the post of head of the board of directors of the company he created. In November, Robin Denholm was appointed in his place.



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