Elon Musk and Musician Grimes Dating, Make Met Gala Debut

09 May, 2018, 00:57 | Author: Billie Castillo
  • Report: Elon Musk Is Dating Singer Grimes

Tesla Chief Executive Officer Elon Musk took his war against short sellers to a new level on Monday, buying an additional $9.85 million of stock in the company.

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. Shares were up again Tuesday, and are now are higher than they were before the conference call.

The realistic motivation for Iron Man perceived Buffett's cautionary statement as a challenge and instantly proclaimed by tweeting he intends to launch a new candy company to deal with Berkshire's moat, and just to spike the ball he is going to call it "Cryptocandy". Class A (NYSE: BRK.A) (NYSE: BRK.B) CEO conceded that innovation has made moats more "susceptible to invasion" but, citing his See's sweets, ultimately defended the concept as crucial.

Musk went on to joke about "Cryptocandy", an apparent reference to Buffett's dim views on cryptocurrencies like Bitcoin, and to building a candy-filled moat as "Berkshire Hathaway kryptonite".

Munger also scoffed at Musk's perspective on moats. They are like good in a type of quaint, vestigial manner. "What matters is the pace of innovation, that is the fundamental determinant of competitiveness".

"Certainly you should be working on improving your own moat and defending your own moat all the time", Buffett said. Elon can change things upside down in certain areas.

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Musk and Buffett couldn't be on further ends of the spectrum from one another.

But Amber Heard refused to be red-faced on Monday night, as she slipped into a second claret dress and slicked on a strong scarlet lipstick before heading to the Met Gala afterparties. Musk later debunked that theory.

Whether Tesla is able to follow through on its plans this year - and how the automaker can make collision fix a significant profit center - remains to be seen.

Both Musk and Buffett have been making headlines of late though for different reasons.

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.

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