Elon Musk is apparently getting into the candy business...at least according to his twitter posts over the weekend!
Warren Buffett and his business partner Charlie Munger said the Tesla Inc. founder was wrong to believe "moats are lame." (A moat is a business' competitive advantage that keeps rivals at bay.)
Buffett said that there are still businesses with moats, including the See's Candies unit that Berkshire Hathaway Inc. owns, and that Musk wouldn't want to take on his company in that area.
And then...it happened....
(Photo: Getty Images)
Then I’m going to build a moat & fill it w candy. Warren B will not be able to resist investing! Berkshire Hathaway kryptonite …— Elon Musk (@elonmusk) May 6, 2018
I’m starting a candy company & it’s going to be amazing— Elon Musk (@elonmusk) May 5, 2018
Jack and Carolyn talked about it on-air! Listen here: