Elon Musk says he'll turn trash from tunneling into homes

Elon Musk says he'll turn trash from tunneling into homes

Elon Musk says he'll turn trash from tunneling into homes

Elsewhere on the call, Musk had said "no" and "I specifically don't want to" when asked about whether Tesla will need to raise capital as it ramps up production of its mass-market Model 3 sedan.

Although Elon Musk's idea seems random as hell, reportedly it's a sugar-coated jab at Warren Buffet's comments on Musk's inability to rival his candy business.

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.

Then Musk announced on Twitter, "I'm starting a candy company and it's going to be unbelievable".

Buffett said during Berkshire Hathaway's annual meeting on May 5 that Musk was wrong to think that defensive moats - the qualities that make a business appear hard to compete with - are "lame".

All bets are off the table if Musk is really serious about a candy company but the latest string of Twitter posts comes on the heels of his "cyborg dragon" announcement late last month.

So whether or not Musk actually intends to start a candy company, the key is to never underestimate the man's random claims. If your only defense against invading armies is a moat, you will not last long. "I don't think he'd want to take us on in candy". "What matters is the pace of innovation, that is the fundamental determinant of competitiveness".

And then: "Saying you like "moats" is just a nice way of saying you like oligopolies".

Munger also scoffed at Musk's perspective on moats.

According to CNN, the idea for the candy company stems from a feud between Musk and his fellow billionaire Warren Buffet.

You may remember, for example, the time he announced he was selling Boring Company-branded flamethrowers in a tweet. On the call, he got a chance to pass those questions onto Musk when the exec, bored with the demands of high-level analysts, remarked "We're going to go to YouTube".

Related news

[an error occurred while processing the directive]