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There are really two things that have to occur in order for a new technology to be affordable to the mass market. One is you need economies of scale. The other is you need to iterate on the design. You need to go through a few versions.

Elon Musk

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Elon Musk
Age: 53
Born: 1971
Born: June 28
Actor
Aerospace Engineer
Engineer
Entrepreneur
Inventor
Investor
Programmer
Pretoria
South Africa
Elon Reeve Musk
Elon R. Musk
Elon R Musk
Really
Mass
Iterate
Things
Design
Economies
Technology
Affordable
Economy
Occur
Order
Scale
Two
Versions
Need
Scales
Needs
Market

More quotes by Elon Musk

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It is definitely true that the fundamental enabling technology for electric cars is lithium-ion as a cell chemistry technology. In the absence of that, I don't think it's possible to make an electric car that is competitive with a gasoline car.
Elon Musk
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I read books and talked to people. I mean that's kind of how one learns anything. There's lots of great books out there & lots of smart people.
Elon Musk
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I was born in Africa. I came to California because it's really where new technologies can be brought to fruition, and I don't see a viable competitor.
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Obviously Tesla is about helping solve the consumption of energy in a sustainable manner but you need the production of energy in a sustainable manner.
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Fear is a hard thing to deal with. I feel it quite strongly. If I think something is important enough, I'll make myself do it in spite of fear. But it can really sap the will. I hate fear, I wish I had it less.
Elon Musk
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I just want to retire before I go senile because if I don't retire before I go senile, then I'll do more damage than good at that point.
Elon Musk
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Physics is really figuring out how to discover new things that are counterintuitive, like quantum mechanics. It's really counterintuitive.
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The idea of lying on a beach as my main thing just sounds like the worst. It sounds horrible to me. I would go bonkers. I would have to be on serious drugs. I'd be super-duper bored. I like high intensity.
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I’m nauseatingly pro-American. I would have come here from any country. The U.S. is where great things are possible.
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I don't think very highly of Henrik Fisker. [...H]e thinks the reason we don't have electric cars is for lack of styling
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Optimism, pessimism, f**k that we're going to make it happen. As God is my bloody witness, I'm hell-bent on making it work.
Elon Musk
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If you had to buy a new plane every time you flew somewhere, it would be incredibly expensive.
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We need to figure out how to have the things we love, and not destroy the world.
Elon Musk
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There's a fundamental difference, if you sort of look into the future, between a humanity that is a space-faring civilization, that's out there exploring the stars...compared with one where we are forever confined to Earth until some eventual extinction event.
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You have to be pretty driven to make it happen. Otherwise, you will just make yourself miserable.
Elon Musk
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My motivation for all my companies has been to be involved in something that I thought would have a significant impact on the world.
Elon Musk
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Every mode of transport that we use - whether it's planes, trains, automobiles, bikes, horses - is reusable, but not rockets. So we must solve this problem in order to become a space-faring civilization.
Elon Musk
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When you struggle with a problem, that's when you understand it.
Elon Musk
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Government isn't that good at rapid advancement of technology. It tends to be better at funding basic research. To have things take off, you've got to have commercial companies do it.
Elon Musk
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It's OK to have your eggs in one basket as long as you control what happens to that basket.
Elon Musk