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's a silly notion that failure's not an option at NASA. Failure is an option here. If things are not failing, you are not innovating enough.
Interpretation
Failure is a necessary part of the innovation process at NASA, suggesting that without it, true progress cannot be made.
Elon Musk emphasizes that failure is a vital component of innovation, particularly in advanced fields like space exploration. Rather than avoiding failure, NASA embraces it as an opportunity to learn and improve, indicating that taking risks and striving for innovation often lead to setbacks, which are essential for groundbreaking advancements.
In practice
In a speech about embracing challenges in a technology conference.
I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy.
The United States is definitely ahead in culture of innovation. If someone wants to accomplish great things, there is no better place than the U.S.
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.
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.
Man has the power to act as his own destroyer - and that is the way he has acted through most of his history.
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.
When you innovate, you've got to be prepared for everyone telling you you're nuts.
Innovation is not born from the dream, innovation is born from the struggle
Just as producers often give consumers things they want but didn't think to ask for, consumers sometimes come up with surprising uses for new inventions. When a new product appears, it can uncover dissatisfactions and desires no one knew were there.
Innovative ideas are rarely rejected on their merits; they’re rejected because of how they make people feel. If you forget people’s concerns and feelings when you present an innovation, or neglect to understand their perspectives in your design, you’re setting yourself up to fail.
Ideas that transform industries almost never come from inside those industries.
Companies over-emphasize idea generation and under-emphasize idea execution when it comes to innovation.
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