I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy.
Elon MuskRead
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
StorageEnergyTechnologyGrowthFuture
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.
Elon MuskRead
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.
Elon MuskRead
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.
Elon MuskRead
Man has the power to act as his own destroyer - and that is the way he has acted through most of his history.
Elon MuskRead
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.
Elon MuskRead
Similar quotes
I wanted to create a toolkit which I would have wanted as an entrepreneur to use these principles of psychology in product design. Some startups totally forget the trigger. In some, the action is too complicated. Others don't have a variable reward, which maintains mystery.
Nir EyalRead
Good information architecture makes users less alienated and suppressed by technology. It simultaneously increases human satisfaction and your company's profits. Very few jobs allow you to do both at the same time, so enjoy.
Jakob NielsenRead
AI-assisted driving is a perfect platform for advancing fundamental human-centric artificial intelligence research while also producing practical applications.
Fei-Fei LiRead
It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest.
R. Buckminster FullerRead
I have seen women who are very interested in tech finish their graduate or undergraduate degrees, but then choose not to pursue a career in tech because they're not sure they want to spend the next 20-30 years in an industry that's very male dominated.
Padmasree WarriorRead
Lisp isn't a language, it's a building material.
Alan KayRead