I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy.
Elon MuskRead
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.
Interpretation
What this quote means
Affordable technology requires mass production and design improvements.
This quote by Elon Musk emphasizes that for new technologies to be made accessible and affordable to a wide audience, two key factors must be in place: the ability to produce the technology on a large scale, which reduces costs, and a commitment to refining the product through multiple iterations. This iterative design process allows for enhancements that improve functionality and user experience.
Themes
TechnologyAffordabilityInnovationDesignScale
In practice
Example use cases
In a technology conference presentation discussing the future of affordable smart devices.
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Man has the power to act as his own destroyer - and that is the way he has acted through most of his history.
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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.
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