Space Balls to Muska Bun, Elon Musk’s ‘Candy Co’ Amuses Tweeple
Elon Musk took to Twitter to announce his new candy company, only that it isn’t his latest venture...
From making futuristic cars to sending those cars into space, entrepreneur Elon Musk is a man of many interests and talents.
While Tesla has brought the future of automobiles knocking on our doorsteps, SpaceX has taken space exploration to a whole new level.
Just when you would think that Musk was done founding companies, he decided to venture into making chocolates and candies.
You heard that right!
Elon Musk’s new company is going to make candies.
In a tweet, Musk announced his new candy company and expressed that he indeed was serious about his new venture.
Or so it seems...
The idea of a ‘candy company’ was a well-directed jibe at investor, Warren Buffett.
Speaking at Tesla’s combative quarterly earnings call, Musk dismissed the concept of moats by calling them “lame” and “like nice in a sort of quaint, vestigial way.”
Moat is the notion of companies having competitive advantages over other companies in the same industry.
When Buffett, a firm-believer in moats, was asked his views on Musk’s thoughts, he stated that “there are some pretty good moats going around.”
“Elon may turn things upside down in some areas. I don’t think he’d want to take us on in candy,” said Buffett.
Buffett is the CEO of Berkshire Hathaway which bought See’s Candies in the 1970s. He has often exemplified See’s Candy as a company with a strong moat. He also partnered with chocolate maker Mars and bought Wrigley 2008 before selling its stake to Mars in 2016.
Musk tweeted his reply to Buffett soon enough.
‘Don’t Restrict Yourself to Mars Bars’
Twitterati saw the funny side of it and had their own requests for the SpaceX CEO.
‘Use Your Money for Something Better’
There were few others who did not quite get on the sarcastic bandwagon.
Musk’s candy company idea has certainly got Twitterverse chirping.
While there is little evidence to suggest that he might actually open one, one can never be sure of Elon Musk.
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