"Moats are lame. They are nice and quaint, but if your only defense against an invading army is a moat you won’t last long. What matters is the pace of innovation, that is the fundamental determinant of competitiveness."

– @elonmusk on earnings call Q&A, Question by @Gfilche https://t.co/SabKX3Mjdr

— Ian Cassel (@iancassel) May 3, 2018