Larry Ellison, co-founder of Oracle and a close friend of Elon Musk, publicly defended Musk during a 2018 analyst meeting shortly after joining Tesla’s board. He spoke highly of Musk’s accomplishments, particularly highlighting the success of SpaceX’s rocket landings, asking rhetorically, “Who else is landing rockets?”
Ellison shifted blame for Tesla’s challenges away from Musk and instead pointed the finger at Panasonic, one of the company’s key battery suppliers. He also criticized the media for its harsh scrutiny of Musk’s behavior, including the fallout from Musk’s 2018 tweets that led to a lawsuit by the SEC.
However, critics argue that Ellison’s support may have overlooked legitimate concerns about Musk’s leadership. They suggest his defense fits within a broader anti-establishment narrative shared by both men, especially considering Ellison’s $1 billion investment to support Musk’s acquisition of Twitter in 2022.
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Media: Oracle