It’s been disclosed that Oracle’s chief Larry Ellison has made a $1 billion “donation” to keep Tesla limping along.
Well, at least for once it’s not the taxpayers footing the bill.
But it is revelatory.
The 74-year-old Ellison is the ninth-richest person in the world, with an estimated net worth of more than $51 beeeelll-yon dollars. Automotive News reports that he owns three million shares through something called the the Lawrence J. Ellison Revocable Trust.
Paraphrasing Dishonest Abe: EVs are of, by and for the rich.
Ellison being Exhibit A.
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