Elon Musk May Be Starting His Own Candy Company

Posted May 08, 2018

Yes, that's right. Musk posted on his Twitter page in the wee hours of Sunday morning that the supposed candy company is "going to be amazing", even dismissing any notion that this might be one of his occasional attempts of humour.

Legendary investor Warren Buffett and entrepreneur Elon Musk sparred words over the idea of moats- a competitive advantage that one company has over other companies in the same industry.

On Saturday, Warren Buffett and his business partner, Charles Munger, shot back.

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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.

During Tesla's earnings call for the first quarter of 2018, company founder Elon Musk provided a special opportunity to a specific shareholder. "I don't think he'd want to take us on in candy", the Berkshire Hathaway (BRK.A) CEO said Saturday during the conglomerate's annual meeting in Omaha. "They are like nice in a sort of quaint, vestigial way".

Munger also scoffed at Musk's perspective on moats. "I am super super serious". What matters is the pace of innovation.

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So whether or not Musk actually intends to start a candy company, the key is to never underestimate the man's random claims.

You may remember, for example, the time he announced he was selling Boring Company-branded flamethrowers in a tweet. Is he going to be the next Willy Wonka? 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.

The electric vehicle maker warned in a securities filing it "may need or want to raise additional funds in the future", adding that "these funds may not be available to us when we need or want them, or at all".

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