Clash Of The Titans: What Buffett, Musk Are Squabbling About

Elon Musk and Grimes

It was during that call when Musk said that Tesla's use of third-party contractors had "really gotten out of control", and that there was about to be "a lot of barnacle removal" going on at Tesla's facilities.

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. All this seems interesting but can Elon Musk be the real-life Willy Wonka? Yes, the same guy who is selling flamethrowers and has told his followers about this dragon-dreams, is now planning to open a Candy Company. He did, however, note that this project is "going to be fantastic".

Musk in his earnings call last week said that he thought moats were lame.

Elon Musk took to Twitter to criticize Warren Buffett's investment philosophy, and threatened on May 5 to compete directly with one of the Berkshire Hathaway chairman's most famous businesses, See's sweets. A moat is actually a term Buffett came up with in reference to the competitive advantages in business, according to Investopedia.

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The jocular series concluded with a more serious critique of Buffett's moat theory.

Musk suggested the idea of a moat was outdated, suggesting that companies relying on one would soon find themselves out of business by "invading armies" of competitors and that consistent innovation is a far better tool for a company to employ. During a recent Berkshire Hathaway shareholder meeting, he responded to Musk's comments about moats, claiming that "there are some pretty good moats around". The YouTuber is not impressed with the billionaire's recent freakish tweetstorm about starting a candy company and Musk's joking that we are living in a real life "Westworld", a reference to the HBO show about rebellious robots. A company with an economic moat has a widely recognized brand value that makes it nearly impossible for rivals to compete on an even playing field. The legendary investor said that "Elon may turn things upside down in some areas".

Make sure to check back with Tech Times as we learn more about Musk's new sugary venture. Will he send candy to outer space like he did with a Tesla Roadster?

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