Elon Musk quotes:

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  • 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.

  • The fuel cell is just a fundamentally inferior way of delivering electrical energy to an electric motor than batteries.

  • If we could do high-speed rail in California just half a notch above what they've done on the Shanghai line in China, and if we had a straight path from L.A. to San Francisco, as well as the milk run, at least that would be progress.

  • There have only been about a half dozen genuinely important events in the four-billion-year saga of life on Earth: single-celled life, multicelled life, differentiation into plants and animals, movement of animals from water to land, and the advent of mammals and consciousness.

  • If you think back to the beginning of cell phones, laptops or really any new technology, it's always expensive.

  • Yeah, well I think anyone who likes fast cars will love the Tesla. And it has fantastic handling by the way. I mean this car will crush a Porsche on the track, just crush it. So if you like fast cars, you'll love this car. And then oh, by the way, it happens to be electric and it's twice the efficiency of a Prius.

  • The lessons of history would suggest that civilisations move in cycles. You can track that back quite far - the Babylonians, the Sumerians, followed by the Egyptians, the Romans, China. We're obviously in a very upward cycle right now, and hopefully that remains the case. But it may not.

  • Selling an electric sports car creates an opportunity to fundamentally change the way America drives.

  • Patience is a virtue, and I'm learning patience. It's a tough lesson.

  • If you want to grow a giant redwood, you need to make sure the seeds are ok, nurture the sapling, and work out what might potentially stop it from growing all the way along. Anything that breaks it at any point stops that growth.

  • 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.

  • Automotive franchise laws were put in place decades ago to prevent a manufacturer from unfairly opening stores in direct competition with an existing franchise dealer that had already invested time, money and effort to open and promote their business.

  • 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.

  • I think the high-tech industry is used to developing new things very quickly. It's the Silicon Valley way of doing business: You either move very quickly and you work hard to improve your product technology, or you get destroyed by some other company.

  • It's OK to have your eggs in one basket as long as you control what happens to that basket.

  • 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.

  • I really do encourage other manufacturers to bring electric cars to market. It's a good thing, and they need to bring it to market and keep iterating and improving and make better and better electric cars, and that's what going to result in humanity achieving a sustainable transport future. I wish it was growing faster than it is.

  • 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.

  • I think a lot of the American people feel more than a little disappointed that the high-water mark for human exploration was 1969. The dream of human space travel has almost died for a lot of people.

  • 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.

  • To make an embarrassing admission, I like video games. That's what got me into software engineering when I was a kid. I wanted to make money so I could buy a better computer to play better video games - nothing like saving the world.

  • 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.

  • 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.

  • I wouldn't say I have a lack of fear. In fact, I'd like my fear emotion to be less because it's very distracting and fries my nervous system.

  • If we're going to have any chance of sending stuff to other star systems, we need to be laser-focused on becoming a multi-planet civilisation.

  • 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.

  • Self-driving cars are the natural extension of active safety and obviously something we should do.

  • A battery by definition is a collection of cells. So the cell is a little can of chemicals. And the challenge is taking a very high-energy cell, and a large number of them, and combining them safely into a large battery.

  • Government isn't that good at rapid advancement of technology. It tends to be better at funding basic research. To have things take off, you've got to have commercial companies do it.

  • In the early days of aviation, there was a great deal of experimentation and a high death rate.

  • 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.

  • The odds of me coming into the rocket business, not knowing anything about rockets, not having ever built anything, I mean, I would have to be insane if I thought the odds were in my favor.

  • 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.

  • 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 always invest my own money in the companies that I create. I don't believe in the whole thing of just using other people's money. I don't think that's right. I'm not going to ask other people to invest in something if I'm not prepared to do so myself.

  • 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.

  • What most people know but don't realize they know is that the world is almost entirely solar-powered already. If the sun wasn't there, we'd be a frozen ice ball at three degrees Kelvin, and the sun powers the entire system of precipitation. The whole ecosystem is solar-powered.

  • We could definitely make a flying car - but that's not the hard part. The hard part is, how do you make a flying car that's super safe and quiet? Because if it's a howler, you're going to make people very unhappy.

  • Silicon Valley has some of the smartest engineers and technology business people in the world.

  • I'm interested in things that change the world or that affect the future and wondrous, new technology where you see it, and you're like, 'Wow, how did that even happen? How is that possible?'

  • Nobody wants to buy a $60,000 electric Civic. But people will pay $90,000 for an electric sports car.

  • The future of humanity is going to bifurcate in two directions: Either it's going to become multiplanetary, or it's going to remain confined to one planet and eventually there's going to be an extinction event.

  • Life is too short for long-term grudges.

  • It would take six months to get to Mars if you go there slowly, with optimal energy cost. Then it would take eighteen months for the planets to realign. Then it would take six months to get back, though I can see getting the travel time down to three months pretty quickly if America has the will.

  • It is definitely true that the fundamental enabling technology for electric cars is lithium-ion as a cell chemistry technology. In the absence of that, I don't think it's possible to make an electric car that is competitive with a gasoline car.

  • Some people don't like change, but you need to embrace change if the alternative is disaster.

  • I'm glad to see that BMW is bringing an electric car to market. That's cool.

  • Tesla is here to stay and keep fighting for the electric car revolution.

  • 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.

  • I don't think it's a good idea to plan to sell a company.

  • Great companies are built on great products.

  • Biofuels such as ethanol require enormous amounts of cropland and end up displacing either food crops or natural wilderness, neither of which is good.

  • An asteroid or a supervolcano could certainly destroy us, but we also face risks the dinosaurs never saw: An engineered virus, nuclear war, inadvertent creation of a micro black hole, or some as-yet-unknown technology could spell the end of us.

  • When Henry Ford made cheap, reliable cars people said, 'Nah, what's wrong with a horse?' That was a huge bet he made, and it worked.

  • In the case of Apple, they did originally do production internally, but then along came unbelievably good outsourced manufacturing from companies like Foxconn. We don't have that in the rocket business. There's no Foxconn in the rocket business.

  • Winning 'Motor Trend' Car of the year is probably the closest thing to winning the Oscar or Emmy of the car industry.

  • The U.S. automotive industry has been selling cars the same way for over 100 years, and there are many laws in place to govern exactly how that is to be accomplished.

  • It is theoretically possible to warp spacetime itself, so you're not actually moving faster than the speed of light, but it's actually space that's moving.

  • People should pursue what they're passionate about. That will make them happier than pretty much anything else.

  • If humanity doesn't land on Mars in my lifetime, I would be very disappointed.

  • I'd like to dial it back 5% or 10% and try to have a vacation that's not just e-mail with a view.

  • 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.

  • Physics is really figuring out how to discover new things that are counterintuitive, like quantum mechanics. It's really counterintuitive.

  • You need to be in the position where it is the cost of the fuel that actually matters and not the cost of building the rocket in the first place.

  • Even if producing CO2 was good for the environment, given that we're going to run out of hydrocarbons, we need to find some sustainable means of operating.

  • In order to have your voice be heard in Washington, you have to make some little contribution.

  • 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.

  • Trying to read our DNA is like trying to understand software code - with only 90% of the code riddled with errors. It's very difficult in that case to understand and predict what that software code is going to do.

  • I'm trying to construct a world that maximises the probability that SpaceX continues its mission without me.

  • When something is important enough, you do it even if the odds are not in your favor.

  • I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy.

  • I don't create companies for the sake of creating companies, but to get things done.

  • I think it matters whether someone has a good heart.

  • Land on Mars, a round-trip ticket - half a million dollars. It can be done.

  • I think life on Earth must be about more than just solving problems... It's got to be something inspiring, even if it is vicarious.

  • The key test for an acronym is to ask whether it helps or hurts communication.

  • With artificial intelligence we are summoning the demon.

  • It's obviously tricky to convert cellulose to a useful biofuel. I think actually the most efficient way to use cellulose is to burn it in a co-generation power plant. That will yield the most energy and that is something you can do today.

  • Boeing just took $20 billion and 10 years to improve the efficiency of their planes by 10 percent. That's pretty lame. I have a design in mind for a vertical liftoff supersonic jet that would be a really big improvement.

  • 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 reason we should do a carbon tax is because it's the right thing to do. It's economics 101, elementary stuff.

  • There's a tremendous bias against taking risks. Everyone is trying to optimize their ass-covering.

  • No I don't ever give up. I would have to be dead or completely incapacitated

  • Starting and growing a business is as much about the innovation, drive and determination of the people who do it as it is about the product they sell.

  • I think there are more politicians in favor of electric cars than against. There are still some that are against, and I think the reasoning for that varies depending on the person, but in some cases, they just don't believe in climate change - they think oil will last forever.

  • I don't think very highly of Henrik Fisker. [...H]e thinks the reason we don't have electric cars is for lack of styling

  • 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.

  • It's a fixer-upper of a planet but we could make it work.

  • You need to live in a dome initially, but over time you could terraform Mars to look like Earth and eventually walk around outside without anything on... So it's a fixer-upper of a planet.

  • Tesla Motors was created to accelerate the advent of sustainable transport. If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology.

  • Weighing too much on someone's talent and not someone's personality. I think it matters whether someone has a good heart.

  • You could warm Mars up, over time, with greenhouse gases.

  • It's just mind-blowingly awesome. I apologize, and I wish I was more articulate, but it's hard to be articulate when your mind's blown-but in a very good way.

  • For my part, I will never give up, and I mean never.

  • Really, the only thing that makes sense is to strive for greater collective enlightenment.

  • My mentality is that of a samurai. I would rather commit seppuku than fail.

  • I realized that a methane-oxygen rocket engine could achieve a specific impulse greater than 380.

  • I think that's the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.

  • We need to be super careful with AI. Potentially more dangerous than nukes,

  • I'm increasingly inclined to think there should be some regulatory oversight, maybe at the national and international level just to make sure that we don't do something very foolish.

  • Going from PayPal, I thought: 'Well, what are some of the other problems that are likely to most affect the future of humanity?' Not from the perspective, 'What's the best way to make money?'

  • With artificial intelligence, we are summoning the demon. In all those stories where there's the guy with the pentagram and the holy water, it's like, yeah, he's sure he can control the demon. Didn't work out.

  • A Prius is not a true hybrid, really. The current Prius is, like, 2 percent electric. It's a gasoline car with slightly better mileage.

  • I've actually not read any books on time management.

  • Some companies out there quote a start of production that is substantially in advance of when customers get their cars.

  • 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.

  • My proceeds from the PayPal acquisition were $180 million. I put $100 million in SpaceX, $70m in Tesla, and $10m in Solar City. I had to borrow money for rent.

  • I'm a Silicon Valley guy. I just think people from Silicon Valley can do anything.

  • It is important to view knowledge as sort of a semantic tree -- make sure you understand the fundamental principles, ie the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.

  • I just want to retire before I go senile because if I don't retire before I go senile, then I'll do more damage than good at that point.

  • Target launch date for Falcon I maiden flight is Halloween(October 31) from our island launch complex in the Kwajalein Atoll. For potential customers out there, I should mention that Kwajalein has some of the worlds best scuba diving and snorkeling! It is literally a tropical paradise.

  • Rockets are cool. There's no getting around that.

  • My vision is for a fully reusable rocket transport system between Earth and Mars that is able to re-fuel on Mars - this is very important - so you don't have to carry the return fuel when you go there.

  • I would like to fly in space. Absolutely. That would be cool. I used to just do personally risky things, but now I've got kids and responsibilities, so I can't be my own test pilot. That wouldn't be a good idea. But I definitely want to fly as soon as it's a sensible thing to do.

  • To make an embarrassing admission, I like video games. That's what got me into software engineering when I was a kid. I wanted to make money so I could buy a better computer to play better video games. Nothing like saving the world.

  • We have this handy fusion reactor in the sky called the sun, you don't have to do anything, it just works. It shows up every day.

  • The primary means of energy generation is going to solar. It will at least be a plurality, and probably be a slight majority in the long term.

  • You could power the entire United States with about 150 to 200 square kilometers of solar panels, the entire United States. Take a corner of Utah... there's not much going on there, I've been there. There's not even radio stations.

  • So, there's quite a big keep-out zone, and when you factor the keep-out zone into account, the solar panels put on that area would typically generate more power than that nuclear power plant.

  • If anyone has a vested interest in space solar power, it would have to be me.

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