Summary:
Entrepreneur Elon Musk is a man with many plans. The founder of PayPal, Tesla Motors and SpaceX sits down with TED curator Chris Anderson to share details about his visionary projects, which include a mass-marketed electric car, a solar energy leasing company and a fully reusable rocket.
Key Points:
- Sustainable energy is the biggest problem we have this century
- mid level electric car comes with lifetime free charging on super chargers - charges in 20-30 minutes
- SolarCity - we are already a solar powered system as all earth systems depend on the sun.
- solar power once installed just keeps working
- to make it feasible, get the cost of infrastructure low
- solar will beat natural gas, it must as natural gas is not sustainable
- premise is no money down, utility bill decreases. SolarCity raises a chunk of capital from a company/partner, charges the homeowner a monthly fee that is still less than utility bills. Essentially, SolarCity is a giant distributed utility.
- Elon sold PayPal to fund SpaceX with a goal to expand rocket technology to have a reusable rocket in order for humans to be a space faring society
- Question? How does one person innovate such huge projects from start to finish?
- To do something new - boil down to the fundamental truths and reason from there.
- Discover new things that are counter intuitive to current thinking.
- Pay attention to negative feedback and solicit it.
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