He added: “Being asked to sign up for a mortgage when you have no interest in that whatsoever is annoying and spam.”

The Tesla CEO went on to describe his own penchant for social-media shopping and his targeted product advertising strategy would facilitate it.

“I’d love to see ads for gizmos. If I saw ads for gizmos, I love gizmos, of course, I’d buy them all in a click,” he said. “Even if they’re not that great, I’ll still buy gizmos. I love technology. I’ll see content for gizmos but not an ad or an ability to actually buy the gizmo.”