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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
Order
Scale
Two
Versions
Need
Scales
Needs
Market
Really
Mass
Iterate
Things
Design
Economies
Technology
Affordable
Economy
Occur

More quotes by Elon Musk

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So, there's quite a big keep-out zone, and when you factor the keep-out zone into account, the solar panels put on that area would typically generate more power than that nuclear power plant.
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Failure is an option here. If things are not failing, you are not innovating enough.
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As a child I would just question things.
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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.
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Yeah, well I think anyone who likes fast cars will love the Tesla. And it has fantastic handling by the way. I mean this car will crush a Porsche on the track, just crush it. So if you like fast cars, you'll love this car. And then oh, by the way, it happens to be electric and it's twice the efficiency of a Prius.
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If we drive down the cost of transportation in space, we can do great things.
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SpaceX has the potential of saving the U.S. government $1 billion a year. We are opposed to creating an entrenched monopoly with no realistic means for anyone to compete.
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If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.
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Funded by the government just means funded by the people. Government, by the way, has no money. It only takes money from the people. Sometimes people forget that that's really what occurs.
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In almost any industry, if you're passionate about doing a great job and making people that buy your product or service as happy as possible, it's really fulfilling.
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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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Engineering is the closest thing to magic that exists in the world.
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There's nothing - I've bought everything I want. I don't like yachts or anything you know, I'm not a yacht person, and I've got pretty much the nicest plane I'd want to have.
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It is a mistake to hire huge numbers of people to get a complicated job done. Numbers will never compensate for talent in getting the right answer (two people who don't know something are no better than one), will tend to slow down progress, and will make the task incredibly expensive.
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Really, the only thing that makes sense is to strive for greater collective enlightenment.
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The first step is to establish that something is possible then probability will occur.
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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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There's a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.
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I'm glad to see that BMW is bringing an electric car to market. That's cool.
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Life is too short for long-term grudges.
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