Elon Musk May Be Starting His Own Candy Company

08 May, 2018, 00:52 | Author: Kim Reid
  • Why Elon Musk and Warren Buffett Are Suddenly Trolling Each Other Over See's Candies

Like any half-decent Entrepreneur, Elon saw this challenge as an opportunity, and will now be starting his own candy company.

Not much is now known about this notional candy company, let alone whether Musk is indeed serious about starting a company of such stark contrast to his other ventures, including cars, power walls, solar panel roofs, and colonizing Mars.

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Definitely, there won't be too much pressure on the team again. "You can't forget the impact of the gaffer". We lost a bit of focus but it's normal. "We have to understand how hard it will be next season".

Over the weekend, Tesla CEO Elon Musk caused a furor when he tweeted that he plans to start a candy company, promising that his latest enterprise-whenever it materializes-will be "amazing".

Buffett, whose Berkshire Hathaway owns See's sweets, was responding to a shareholder's question about whether he agreed with Musk's views about so-called economic "moats," a term Buffett coined in a 1999 Fortune article referring to a company's wide competitive advantages. "They're like nice in a sort of quaint, vestigial way". The term "moat" in the investment parlance was established by Buffett. It's ridiculous, Warren does not intend to build an actual moat. If your only defense against invading armies is a moat, you will not last long.

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"I think moats are lame", Musk told analysts on Tesla's first-quarter earnings call Wednesday. The YouTuber is not impressed with the billionaire's recent freakish tweetstorm about starting a candy company and Musk's joking that we are living in a real life "Westworld", a reference to the HBO show about rebellious robots. "What matters is the pace of innovation, that is the fundamental determinant of competitiveness". While it might've seemed like another random venture Musk chose to embark on, like his sale of flame throwers or hats, the billionaire was actually teasing Berkshire Hathaway CEO Warren Buffett.

Make sure to check back with Tech Times as we learn more about Musk's new sugary venture.

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Of course, the inevitable comparisons to Willy Wonka began to pop up, though Musk seemed to balk at the suggestion.

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