This comes from Warren Buffett's idea to buy companies with strong moats. Obviously, this will vary based upon the company and industry.
In this video I discuss how Tesla has erected a number of moats. Many of these tie into each other further providing a gap between it and the competition.
▶️ 3Speak
The EV trade has a high moat and I think it's even tougher because of all the EV companies that sprouted up during the pandemic. The self-driving feature is miles ahead of the other companies so I think it's hard to catch up to Tesla.
Posted Using LeoFinance Beta