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.
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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.
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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.
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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.
Elon MuskRead
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