Larry Ellison is helping Elon Musk spur demand for new Tesla stock with ‘token purchase,’ says …

Larry Ellison is helping Elon Musk spur demand for new Tesla stock with ‘token purchase,’ says researcher

Billionaire Larry Ellison’s promise to buy up to $1 million in Tesla’s new $2 billion common stock offering amounts to “pocket change” for the Tesla board member in what is essentially a publicity move, according to one researcher. “The $1 million buy is a token purchase for him,” said Ben Silverman, director of research at InsiderScore.