You can be on Entrepreneur’s cover!

Elon Musk: 'I'm Not Really a Fan of Disruption' Disruption only happens when people try to develop 'fundamentally better' options, he said.

By Jacob Pramuk

entrepreneur daily

This story originally appeared on CNBC

Despite his pushing for innovation in a range of sectors, Tesla Motors CEO Elon Musk says he is "not really a fan" of technological disruption.

Musk -- a driving force behind Tesla, SolarCity, SpaceX and PayPal -- said Monday that disruption only happens when people try to develop "fundamentally better" options. For Musk, that currently means bringing sustainable energy and transportation to an affordable scale.

"If there's a need for something to be disrupted and it's important to the future of the world then sure, we can disrupt it," he said at the Edison Electric Institute's annual convention.

Musk's attempts at fundamental change through electric carmaker Tesla have yet to yield financial gains to match his ambition. In its first quarter of this year, Tesla posted a loss of 36 cents per share, and most consumers are still priced out of its vehicles.

The company's recently unveiled Powerwall solar home and business battery has also been called too expensive to be feasible for most consumers.

Musk contends that bringing electric car and truck production to an affordable scale will eventually help their adoption. He noted that Tesla's cars have gradually grown less expensive, and the coming Model 3 is slated to price around $35,000 upon its 2017 release.

At the EEI convention, Tesla's chief technical officer, JB Straubel, noted prices could dip "much faster than most people expect."

"What we're going to see the most in the next few years is a massive increase in scale," Straubel said.

Both Musk and Straubel touted the potential for alternative energy development to play into the widespread adoption of batteries similar to the Powerwall or those in Tesla's vehicles. Musk believes electric and solar power generation and consumption will ramp up as regulation and other factors squeeze the use of carbon-producing energy sources.

"The long term is very positive for electric power generation," he said. "My rough guess would be that there is more than a doubling of utility-level electricity in the long term."

Musk added that the progression would happen with developments that increase both the affordability and efficiency of alternative sources, which he said was fundamentally better for consumers in the long term.

Jacob Pramuk is a News associate  Digital.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business Solutions

Keep Inspiration in Reach with Nix Color Sensor, Now $60 for One Week Only

Scan any surface and get a detailed report of the color you're looking for.


Look Sharp with This Gillette Body Razor Set for $15

This Gillette Body Razor comes with nine refill blade cartridges and is on sale for $14.99 (reg. $24) for a limited time only.

Business Solutions

Set Your Team up for Success and Let Them Browse the Internet Faster

With ad blocking, Control D is $35 through April 21.

Business Solutions

Grab Microsoft Project Professional 2021 for $20 During This Flash Sale

This small investment is well worth the time it will save your team in organizing and monitoring project work.