Larry Ellison now has Tesla stock worth $1.6bn after huge rally
And Elon Musk’s fortune has swelled $3.9bn so far in January, boosting his net worth to $31.5bn
14 January 2020 - 17:29
London — Larry Ellison’s faith in Tesla and his friend Elon Musk is being rewarded.
The Oracle chair bought three-million shares of the electric-vehicle maker before joining Tesla’s board in December 2018. The stake — worth $1bn at the time — is now worth more than $1.6bn. The stock has surged 25% in just the first two weeks of 2020 as fourth-quarter vehicle deliveries exceeded estimates and Musk started handing over locally assembled cars to customers in China...
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