Elon Musk wants to get into the candy industry

Why Elon Musk and Warren Buffett Are Suddenly Trolling Each Other Over See's Candies

On Monday, Tesla began the process of what Chief Executive Elon Musk called scrubbing the "barnacles" off of the company with what was described as a new, brutal regime with regards to Tesla contractors. Running The Boring Company, Tesla, and SpaceX could only be challenging, yet Musk still manages to juggle his many responsibilities in a dazzling fashion.

Munger also scoffed at Musk's perspective on moats. It's ridiculous, Warren does not intend to build an actual moat.

Making Musk's brick-making plans all the more weird is the fact that he's previously promised to sell off interlocking Lego-like bricks made from the rock waste produced by Boring Company tunnel digging. Musk himself said Tesla would be evaluating the positions of contractors that work with Tesla, but aren't officially Tesla employees, when he spoke on the company's first-quarter conference call last week.

On the other hand, this could also be seen as a direct challenge to See's sweets company which is owned by none other than legendary investor Warren Buffett since the last four decades.




Buffett responded over the weekend by saying that moats are still working for certain companies, despite technological advancements.

Musk suggested the idea of a moat was outdated, suggesting that companies relying on one would soon find themselves out of business by "invading armies" of competitors and that consistent innovation is a far better tool for a company to employ.

Buffett said during Berkshire Hathaway's annual meeting on May 5 that Musk was wrong to think that defensive moats - the qualities that make a business appear hard to compete with - are "lame". "And Elon may turn things upside down in some areas", Buffett said. It's hard to determine what his actual plans are, as Musk has proven to be quite unpredictable in the past.

Do you think Musk is being serious?

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