I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy.
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.
Interpretation
What this quote means
Elon Musk highlights the significant future potential of stationary storage technology, suggesting it could rival the automotive industry in size and growth.
In this quote, Elon Musk emphasizes the promising future of stationary storage, predicting that its market will expand at a much faster rate than that of the automotive industry. This indicates his belief in the transformative power of energy storage technologies, which are essential for supporting renewable energy solutions and could play a pivotal role in the evolution of energy consumption and distribution in society.
Themes
In practice
Example use cases
In a business conference discussing renewable energy solutions, one might cite this quote to highlight the importance of investment in energy storage.
More from Elon Musk
All quotes βThe 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.
Similar quotes
Human language is the new UI layer, bots are like new applications, and digital assistants are meta apps. Intelligence is infused into all of your interactions.
It is doubling now every two years. Doubling every two years means multiplying by 1,000 in 20 years. At that rate we'll meet 100 percent of our energy needs in 20 years.
Technology tends toward avoidance of risks by investors. Uncertainty is ruled out if possible. People generally prefer the predictable. Few recognize how destructive this can be, how it imposes severe limits on variability and thus makes whole populations fatally vulnerable to the shocking ways our universe can throw the dice.
We believe a truly new kind of game entertainment will not be realized unless there is a new way to connect a player to his game.
I get hired by companies to hack into their systems and break into their physical facilities to find security holes. Our success rate is 100%; we've always found a hole.
I do not fear computers. I fear the lack of them.