Elon Musk says “first principles” thinking is a powerful, powerful way of thinking.' Here's how it works. (via CNBCMakeIt)
, Musk explained how to apply the first principles method, using the cost of car batteries as an example:"Somebody could say, 'Battery packs are really expensive, and that's just the way they will always be. Historically, it has cost $600 per kilowatt hour," Musk said, referencing the "common assumption" about car batteries.
"With first principles, you say, 'What are the material constituents of the batteries? What is the stock market value of the material constituents?' It's got cobalt, nickel, aluminum, carbon, some polymers for separation and a seal can," explained Musk.Elon Musk With the batteries, "you just need to think of clever ways to take those materials and combine them into the shape of a battery cell," Musk said. "Then you can have batteries that are much, much cheaper than anyone realizes."Musk has referenced the value of first principles thinking several times.
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