Elon Musk is a renowned Canadian-American business magnate, investor, and engineer. He is known to be the second entrepreneur in the Silicon Valley to establish three companies having a capital of more than $1 billion each. He has always shown interest in products that have a potential to change the world. He has a huge interest in space and owns a company called ‘SpaceX’ which manufactures satellites and launch vehicles and also has NASA on their client list. After his graduation, he collaborated with his brother to establish a software company ‘Zip2’ which he sold off to Compaq at a huge price in a short span of time. His next and first most notable venture was ‘PayPal’ which opened the gates of internet banking to the world. His next notable venture was the Tesla Motors which contributes significantly to the market of racing cars. Through this company, Musk aimed at redefining Electric cars and came up with cars which were super efficient working on a battery, unlike other general cars. Here are some gems of wisdom that have been uttered by the business giant which have become famous as his quotes and are quoted extensively. Read through the thoughts and quotes by Elon Musk that will give you a peek into such an innovative brain.
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.
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.
I think Tesla will most likely develop its own autopilot system for the car, as I think it should be camera-based, not Lidar-based. However, it is also possible that we do something jointly with Google.
If you look at our current technology level, something strange has to happen to civilisations, and I mean strange in a bad way. And it could be that there are a whole lot of dead, one-planet civilisations.
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.
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.
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.
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.
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.
Silicon Valley has evolved a critical mass of engineers and venture capitalists and all the support structure - the law firms, the real estate, all that - that are all actually geared toward being accepting of startups.
In order to have your voice be heard in Washington, you have to make some little contribution.
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.