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"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."
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"Nobody wants to buy a $60,000 electric Civic. But people will pay $90,000 for an electric sports car."
"It's OK to have your eggs in one basket as long as you control what happens to that basket."
"The idea of Tesla is to accelerate sustainable energy, to really make a difference."
"Regarding quality, the following rule is very important: do each activity right at the first time with the aim of saving money and time. Regardless of the process under consideration, the activities that were carried out badly may cause repetitions with considerable additional costs."
"The product of mental labor - science - always stands far below its value, because the labor-time necessary to reproduce it has no relation at all to the labor-time required for its original production."
"Business, to be successful, must be based on science, for demand and supply are matters of mathematics, not guesswork."
Explore more quotes by Elon Musk
"Nobody wants to buy a $60,000 electric Civic. But people will pay $90,000 for an electric sports car."
"It's OK to have your eggs in one basket as long as you control what happens to that basket."
"The idea of Tesla is to accelerate sustainable energy, to really make a difference."
"Self-driving cars are the natural extension of active safety and obviously something we should do."
"If you think back to the beginning of cell phones, laptops or really any new technology, it's always expensive."
"I don't care about being rich. I care about making an impact."
"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."
"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."
"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."
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