Elon Musk "super serious" about starting candy company

Elon Musk

Eventually, Musk began crowdsourcing ideas for his hypothetical candy company, and his followers began suggesting all manner of products for him to develop, from healthy candy to candy that doesn't cause cavities.

The mind Tesla and exploration company SpaceX, Elon Musk is indeed one of the most successful entrepreneurs and investors in the world and people are already debating over the idea as to what will make Elon Musk's candy company special?

Berkshire Hathaway acquired See's sweets in 1972, and Buffett is famously fond of its peanut brittle- which he and his business partner Charlie Munger continuously munch on while answering questions for six hours at their shareholder meeting each year.

Elon Musk says his tunnel-digging venture, The Boring Company, will also be going into the brick business.

It was then that the reason for Musk's newest inspiration came to be: Buffett mentioned Musk in a Berkshire Hathaway shareholders meeting when talking about moats, in this case, financial ones.

It started when the Tesla CEO said companies don't need "moats" around their business during his company's first-quarter earnings call last week. "They're like nice in a sort of quaint, vestigial way".

Munger also scoffed at Musk's perspective on moats. If your only defense against invading armies is a moat, you will not last long.

"Elon may turn things upside down in some areas, I don't think he'd want to take us on in candy", Buffett quipped. What matters is the pace of innovation. Buffett is a proponent of economic "moats," which is really just a term Buffett uses for a company with a significant competitive advantage.

Those who follow Elon Musk will note that he oftentimes makes announcements of this kind on social media, like the time he logged onto Twitter and wrote of his intention to sell flamethrowers.

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

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