Elon Musk "super serious" about starting candy company
08 May 2018, 12:50 | Isaac Mcdaniel
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In an indirect exchange with investor and Berkshire HathawayCEOWarren Buffett, Elon Muskannounced on Saturday that he is "super super serious" about starting a candy company. Well given the series of tweets started with Musk linking to a song from the Trolls movie and the tone of the follow-up tweets, in which Musk called the plot of Willy Wonka "messed up", probably not very. Musk criticized Buffett's use of "moats".
One Twitter user also urged him to "just make Westworld real" because as the user claims, nobody wants candy, electric cars or rockets but Musk swiftly shut him down.
While Buffett has long extolled the benefits of moats-which are a key component of his stock-picking process-Musk spurned the concept entirely during a Tesla earnings call this week. And until the candy business actually comes to fruition, keep an eye out for Musk's cyborg dragon. Moats, a competitive buffer between one's business and the rest of the competition, have historically been used by Warren Buffet.
Buffett rebuffed Musk's claim at the Berkshire Hathaway shareholder meeting on Saturday, saying, "I don't think [Musk would] want to take us on in candy". See's sweets, according to Buffett, is a company with a wide moat, since it boasts a loyal, entrenched customer base, which makes it hard from rival candy chains to steal its thunder, Fortunenotes.
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According to CNN, the idea for the candy company stems from a feud between Musk and his fellow billionaire Warren Buffet.
Make sure to check back with Tech Times as we learn more about Musk's new sugary venture. It's hard to determine what his actual plans are, as Musk has proven to be quite unpredictable in the past.
After Buffett made those statements, Musk then tweeted about starting a candy company.
However, while all that has been largely technology related, now Musk has taken interest in the food industry.
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