Larry Ellison, Tesla, Elon Musk

Larry Ellison, Tesla

How Much Larry Ellison Has Made On Tesla Stock

How Much Larry Ellison Has Made On Tesla Stock

10/27/2021 9:20:00 PM

How Much Larry Ellison Has Made On Tesla Stock

Billionaire Oracle cofounder Ellison made a nearly $1 billion bet on Tesla stock in 2018. Here’s how that bet has paid off so far.

... [+]during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California.Getty Imagesrichest personto ever walk the planet. His fortune skyrocketed to a record $271 billion after Hertz said it would buy 100,000 Tesla vehicles for its rental fleet, pushing up the electric car company’s share price.

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But Musk isn’t the only billionaire getting crazy rich off Tesla’s latest stock market rally. Oracle cofounder Larry Ellison—who also sits on Tesla’s board—ownsjust over 15 million shares of the electric vehicle company, making him Tesla’s second-largest individual shareholder after Musk. On Tuesday, Ellison’s 1.5% stake was worth a whopping $15.5 billion.

Ellison’s stake in Tesla was first disclosed at the very end of 2018, when he became a Tesla board member. The companyannouncedthat Ellison had purchased 3 million Tesla shares earlier in 2018 for an undisclosed price; as of December 2018, those shares were worth nearly $1 billion million. He now owns 15 million shares as a result of a 5-1 stock split in August 2020. Measured since December 2018, his initial investment is up more than 1,450%.

In addition, he’s purchased a small number of shares since then, including 6,250 shares for $958,000 in Tesla’s February 2020 secondary common stock. Ellison also has 291,000 options that he was awarded in 2019; those are currently worth about $280 million. 

Read more: Forbes »

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Tesla Eclipses $1 Trillion In Market Value After Hertz Places Biggest Electric Vehicle Order Ever Tesla 's stock surge has made the car company more valuable than social media giant Facebook. Isn't Hertz in bankruptcy? wow LOL. Elon must resort to fleet sales because business ain't that great as anticipated. The only thing really selling is the model Y.

Tesla zooms past $1 trillion market cap on bet that the EV future is now Tesla Inc surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader's ambitions to top the entire auto industry in sales over the next decade. this is terrible news I’m renting one for sure!!! We should invest in bio fuel cars as well.

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