The future of electric vehicles in the U.S. is the SUV and the pickup truck.
The reason is the market: Almost all the conversation around electrics and autonomous vehicles centers on sedans. The world's major carmakers — VW, BMW and GM — have all said they intend to sell mass-market electrics in the U.S. But to do so, they will have to manufacture what consumers are buying.
Elon Musk says he's starting a candy company, a direct challenge to Warren Buffett's most trumpeted moat of all — the market power enjoyed by iconic See's Candies, which the investment titan has owned for four decades.
What's going on: In a to-and-fro in recent days, Musk has scorned one of Buffett's primary investment principles — to buy companies enjoying a type of monopolistic power that he calls a "moat," reports Fortune's Jen Wieczner. And Buffett has defended his theory. “Elon may turn things upside down in some areas," Buffett said, "[but] I don’t think he’d want to take us on in candy. There are some pretty good moats around,” report Bloomberg's Katherine Chiglinsky, Noah Buhayar and Sonali Basak.
