Earlier than Oracle billionaire Larry Ellison joined Tesla’s board, he gave an impassioned protection of his ‘very shut buddy’ Elon Musk (ORCL, TSLA)

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larry ellison elon musk

  • Tesla on Friday introduced the 2 latest additions to its board of administrators: Walgreens government Kathleen Thompson-Wilson and Oracle founder and CTO Larry Ellison.
  • In October, Ellison heaped praised on Tesla’s CEO Elon Musk, and slammed media protection of Musk’s actions and his firms.
  • You may hear right here to a recording of Ellison’s remarks, made to monetary analysts in October. 

Larry Ellison hasn’t been shy about his admiration for Elon Musk — even earlier than Ellison was appointed on Friday to the board of administrators at Tesla, the place Musk is CEO. 

Ellison, founder and CTO of database large Oracle, mentioned in October his “very shut” friendship with Musk, disclosed his sizable stake in Tesla, and criticized the media for its protection of Musk and his firms, Tesla and SpaceX. 

“I feel Tesla has plenty of upside,” Ellison mentioned. “I’m not positive how many individuals know, however I am very shut pals with Elon Musk and I am an enormous investor in Tesla.”

Ellison made these feedback throughout a gathering with monetary analysts in October, as initially reported by Bloomberg — you may take heed to a recording of his feedback on Musk right here. His remarks got here not lengthy after Tesla reported a shocking revenue in its third quarter. 

After a 12 months by which Musk typically discovered himself the goal of controversy, Ellison took situation with how the Tesla CEO was portrayed in information tales.

“I beloved all of the articles about how Elon doesn’t know what he’s doing, the images of him smoking dope,” Ellison mentioned, referring to Musk’s notorious interview on the favored “Joe Rogan Expertise” podcast the place he was filmed smoking authorized, leisure marijuana.

Ellison additionally mentioned his frustration with critics of SpaceX, Musk’s personal house journey firm.

“You are telling me he is an fool. I simply wish to know who you might be. Why ought to I consider you, versus my buddy Elon? We’re out right here watching this rocket land, which I feel is actually cool, and also you’re there in entrance of your Apple Macintosh, and typing up an article saying Elon’s an fool,” Ellison mentioned. 

“This man’s touchdown rockets. He’s touchdown rockets on robotic drone rafts within the ocean,” Ellison mentioned, referring to SpaceX’s trademark drone ships.  “And also you’re saying he doesn’t know what he’s doing. Properly, who else is touchdown rockets? You ever land a rocket on a robotic drone? Who’re you?”

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Collectively, Ellison and Musk have a mixed internet price of about $93 billion, in response to Forbes estimates. Each entrepreneurs cofounded main firms with formidable visions for the longer term.

However the two tech executives have been most in contrast for his or her eccentric personalities and colourful feedback.

Ellison has made headlines for racing yachts and dropping $300 million for a whole Hawaiian island. Musk is thought for publicly talking his thoughts and steadily posting on Twitter.

Certainly, it was one among Musk’s tweets that finally landed Ellison his new gig at Tesla: Within the wake of his notorious “funding safe” tweet, Musk was required by a settlement with the SEC to step down as government chairman of Tesla and appoint new impartial administrators to the corporate. 

SEE ALSO: Elon Musk says SpaceX’s Starship may attain orbit inside 2 years. This is the most recent photograph of the spaceship’s building.

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