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Oracle founder Larry Ellison is heavily involved with Tesla – Handelszeitung.ch

The founder of the American software giant oracle. Larry Ellison, has revealed a huge private participation in Tesla. Ellison holds one fund three million shares of the manufacturer of electric cars in the current total value of about one billion dollars (0.87 billion euros), such as on Tuesday of a notice to the US Securities and Exchange Commission SEC originated. For example, the 74-year-old is involved in about 1.75 percent of Tesla and after the boss of the company Elon Musk the second largest individual shareholder of the company.

Ellison Participation is piquant because he was recently appointed to the board of directors of Tesla as an "independent" director. The committee is responsible, CEO musk to look at the fingers whose power some shareholders and the SEC wants to prune. Ellison but had previously admitted that he has a great style of Tesla shares and closely with musk is friends. "Forbes"estimated Ellison Fortune recently at $ 57.8 billion.

Musk had to pay a fine

The questions about the distribution of power in Tesla came at the end of September last year: Musk had in a comparison with the SEC has approved the chair of Tesla for at least three years and has appointed two additional independent directors. The authority had indicted him for misleading tweets against an IPO in the meantime for market manipulation. To settle the matter, he and Tesla had to pay $ 20 million each.

(SDA / MBU / TDR)

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