If You Go Back A Few Hundred Years, What We Take For Granted Today Would Seem Like Magic - Being Able To Talk To People Over Long Distances, To Transmit Images, Flying, Accessing Vast Amounts Of Data Like An Oracle. These Are All Things That Would Have Been Considered Magic A Few Hundred Years Ago.
Here In The West, People Often Don't Like Listening To Their Leaders, Even If They Are Right.
The Factory Is The Machine That Builds The Machine.
Stationary Storage Will Be As Big As The Car Business Long Term. The Growth Rate Will Probably Be Several Times What It Is For The Car Business.
A Utility Can Handle Up To 20% Of Production From Solar And That Helps The Grid Because It Produces Electricity When Needed. Solar Power Peaks In The Middle Of The Day And That's Also When Air Conditioning Is Running And Businesses Are Operating, So Power Production Matches Usage.
The Goal Of Tesla Is To Accelerate Sustainable Energy, So We're Going To Take A Step Back And Think About What's Most Likely To Achieve That Goal.
Any Product That Needs A Manual To Work Is Broken.
We Polled Tesla Owners, Do You Want Autopilot Disabled Or Not. Not One Person Wanted It Disabled. That's Pretty Telling.
The Pace Of Progress On Mars Depends Upon The Pace Of Progress Of Spacex.
So We Originally Expected To Make About 35 Gigawatt Hours At The Cell Level And About 50 Gigawatt Hours At The Module Or Pack Level. Now We Are Expecting To Do About 150 Gigawatt Hours In The Same Volumetric Space As The Original Design.
The Fuel Cell Is Just A Fundamentally Inferior Way Of Delivering Electrical Energy To An Electric Motor Than Batteries.
I'm Glad To See That Bmw Is Bringing An Electric Car To Market. That's Cool.
I've Actually Made A Prediction That Within 30 Years A Majority Of New Cars Made In The United States Will Be Electric. And I Don't Mean Hybrid, I Mean Fully Electric.
It's Not As Though We Can Keep Burning Coal In Our Power Plants. Coal Is A Finite Resource, Too. We Must Find Alternatives, And It's A Better Idea To Find Alternatives Sooner Then Wait Until We Run Out Of Coal, And In The Meantime, Put God Knows How Many Trillions Of Tons Of Co2 That Used To Be Buried Underground Into The Atmosphere.
In Order For Us To Have A Future That's Exciting And Inspiring, It Has To Be One Where We're A Space-bearing Civilization.
If You're Trying To Create A Company, It's Like Baking A Cake. You Have To Have All The Ingredients In The Right Proportion.
People Work Better When They Know What The Goal Is And Why. It Is Important That People Look Forward To Coming To Work In The Morning And Enjoy Working.
Really, The Only Thing That Makes Sense Is To Strive For Greater Collective Enlightenment.
Silicon Valley Has Evolved A Critical Mass Of Engineers And Venture Capitalists And All The Support Structure - The Law Firms, The Real Estate, All That - That Are All Actually Geared Toward Being Accepting Of Startups.
I Would Like To Die On Mars. Just Not On Impact.
I Feel Very Strongly That Spacex Would Not Have Been Able To Get Started, Nor Would We Have Made The Progress That We Have, Without The Help Of Nasa.
I Think We Are At The Dawn Of A New Era In Commercial Space Exploration.
Great Companies Are Built On Great Products.
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.
The Path To The Ceo's Office Should Not Be Through The Cfo's Office, And It Should Not Be Through The Marketing Department. It Needs To Be Through Engineering And Design.
Some People Don't Like Change, But You Need To Embrace Change If The Alternative Is Disaster.
I Think It's Very Important To Have A Feedback Loop, Where You're Constantly Thinking About What You've Done And How You Could Be Doing It Better. I Think That's The Single Best Piece Of Advice: Constantly Think About How You Could Be Doing Things Better And Questioning Yourself.
The Problem Is That At A Lot Of Big Companies, Process Becomes A Substitute For Thinking. You're Encouraged To Behave Like A Little Gear In A Complex Machine. Frankly, It Allows You To Keep People Who Aren't That Smart, Who Aren't That Creative.
It's Ok To Have Your Eggs In One Basket As Long As You Control What Happens To That Basket.
Tesla Is Here To Stay And Keep Fighting For The Electric Car Revolution.
I Do Think There Is A Lot Of Potential If You Have A Compelling Product And People Are Willing To Pay A Premium For That. I Think That Is What Apple Has Shown. You Can Buy A Much Cheaper Cell Phone Or Laptop, But Apple's Product Is So Much Better Than The Alternative, And People Are Willing To Pay That Premium.
I'm Trying To Construct A World That Maximises The Probability That Spacex Continues Its Mission Without Me.
If Anyone Thinks They'd Rather Be In A Different Part Of History, They're Probably Not A Very Good Student Of History. Life Sucked In The Old Days. People Knew Very Little, And You Were Likely To Die At A Young Age Of Some Horrible Disease. You'd Probably Have No Teeth By Now. It Would Be Particularly Awful If You Were A Woman.
Spacex Is Only 12 Years Old Now. Between Now And 2040, The Company's Lifespan Will Have Tripled. If We Have Linear Improvement In Technology, As Opposed To Logarithmic, Then We Should Have A Significant Base On Mars, Perhaps With Thousands Or Tens Of Thousands Of People.
We're Running The Most Dangerous Experiment In History Right Now, Which Is To See How Much Carbon Dioxide The Atmosphere... Can Handle Before There Is An Environmental Catastrophe.
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.
The Reality Is Gas Prices Should Be Much More Expensive Then They Are Because We're Not Incorporating The True Damage To The Environment And The Hidden Costs Of Mining Oil And Transporting It To The U.s. Whenever You Have An Unpriced Externality, You Have A Bit Of A Market Failure, To The Degree That Eternality Remains Unpriced.
There Are Some Important Differences Between Me And Tony Stark, Like I Have Five Kids, So I Spend More Time Going To Disneyland Than Parties.
It's Important That We Attempt To Extend Life Beyond Earth Now. It Is The First Time In The Four Billion-year History Of Earth That It's Been Possible, And That Window Could Be Open For A Long Time - Hopefully It Is - Or It Could Be Open For A Short Time. We Should Err On The Side Of Caution And Do Something Now.
I Like The Word 'Autopilot' More Than I Like The Word 'Self-driving.' 'Self-driving' Sounds Like It's Going To Do Something You Don't Want It To Do. 'Autopilot' Is A Good Thing To Have In Planes, And We Should Have It In Cars.
I Think It Matters Whether Someone Has A Good Heart.
My Opinion Is It's A Bridge Too Far To Go To Fully Autonomous Cars.
The Revolutionary Breakthrough Will Come With Rockets That Are Fully And Rapidly Reusable. We Will Never Conquer Mars Unless We Do That. It'll Be Too Expensive. The American Colonies Would Never Have Been Pioneered If The Ships That Crossed The Ocean Hadn't Been Reusable.
Selling An Electric Sports Car Creates An Opportunity To Fundamentally Change The Way America Drives.
I Don't Create Companies For The Sake Of Creating Companies, But To Get Things Done.
My Background Educationally Is Physics And Economics, And I Grew Up In Sort Of An Engineering Environment - My Father Is An Electromechanical Engineer. And So There Were Lots Of Engineery Things Around Me.
The Space Shuttle Was Often Used As An Example Of Why You Shouldn't Even Attempt To Make Something Reusable. But One Failed Experiment Does Not Invalidate The Greater Goal. If That Was The Case, We'd Never Have Had The Light Bulb.
Brand Is Just A Perception, And Perception Will Match Reality Over Time. Sometimes It Will Be Ahead, Other Times It Will Be Behind. But Brand Is Simply A Collective Impression Some Have About A Product.
I Don't Spend My Time Pontificating About High-concept Things; I Spend My Time Solving Engineering And Manufacturing Problems.
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.