Musk contended that Tesla, as a publicly traded company, would be held accountable by its shareholders if they think it isn't being socially responsible.
"It's very important that I can't just do what I want. Tesla's structure is ideal for that."
Musk was reprimanded by the Securities and Exchange Commission after posting a tweet in 2018, in which he said he had acquired funding to take Tesla private, but did not provide proof or file paperwork with the SEC.
Musk is now is locked in a court battle with Twitter over his effort to terminate a $44 billion deal he made to take the messaging platform private.