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Larry Ellison, chairman of Oracle Corp., speaks during the Oracle OpenWorld 2016 conference in San Francisco, on Sunday, Sept. 18, 2016.
Oracle founder, CTO and billionaire Larry Ellison disclosed that his second-largest personal investment is in Tesla.
He made the statements at the financial analyst meeting at the Oracle OpenWorld conference on Thursday.
“My second largest investment I will disclose it now I am not sure people know, I am very close friends to Elon Musk and I am a very big investor in Tesla,” Ellison said on the call. “And so Tesla had a good day and I think Tesla has a lot of upside.”
Ellison also criticized media coverage of Tesla and SpaceX CEO Elon Musk, suggesting it was overly harsh and short-sighted.
“I loved all the articles about how Elon doesn’t know what he is doing, the pictures of him smoking dope, you know and the WSJ writing all these articles he is going to have to go out for money,” he said. “This is not just about the WSJ.”
He asked, “Why should I believe you as opposed to my friend Elon while I am out here watching this rocket land, which I think is really cool, and you are there in front of your Apple Mac typing up an article saying Elon is an idiot?”
Ellison’s net worth is estimated around $59 billion. He did not disclose the specific number of shares that he holds in Tesla.
