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Tesla: All our patents belong to you
Tesla Motors CEO Elon Musk said he is opening up the company's patents to
any automaker that wants to build electric cars.
In a blog post Thursday, Musk vowed "Tesla will not initiate patent lawsuits
against anyone who, in good faith, wants to use our technology."
Musk said Tesla was created to accelerate the adoption of sustainable
transportation.
"If we clear a path to the creation of compelling electric vehicles, but
then lay intellectual property landmines behind us to inhibit others, we are
acting in a manner contrary to that goal," he said.
Musk said that Tesla will continue to file for patents in the future, but
only to prevent other entities from patenting Tesla's innovations.
Related: Tesla in Britain - Fit for royalty?
Musk said that Tesla does not have an estimate on the economic value of the
patents it is making public, but he does not believe that investors should
be concerned about the company losing some kind of value from this move.
"I don't want to overstate the value of patents. If a company is truly
relying on patents or patent portfolio, that's a weak position," said Musk.
"I think nonetheless this can be of modest help to others."
Related: Musk staying at Tesla another 4-5 years
Shares of Tesla (TSLA) were little changed on the news, but have climbed
about 35% so far this year.
Elon Musk: Big risks 'make me unhappy'
Elon Musk: Big risks 'make me unhappy'
Musk said when Tesla first launched it filed for patents because he worried
that "big car companies would copy our technology and then use their massive
manufacturing, sales and marketing power to overwhelm Tesla." But he said
he's been disappointed by the fact that the established automakers have done
relatively little to develop electric cars.
Tesla's Model S has far greater range than any other electric-only car, able
to travel at least 200 miles between charges. Its Supercharger technology
also can recharge cars much more quickly than other plug-in cars can be
recharged.
The global industry needs to offer far more electric cars than Tesla can
build itself if the problems posed by greenhouse gases and global warming
are to be addressed, according to Musk. He said none of the other automakers
have reached out to Tesla to ask to use its technology, although it does
have partnerships with Toytota (TM) and Mercedes-Benz to provide parts of
their own electric cars.
"We think the market is big enough for everyone," he said. "I don't think
this hurts us, and if we can do things that don't hurt us and it can help
the U.S. industry, we should do that."
Tesla Motors CEO Elon Musk said he is opening up the company's patents to
any automaker that wants to build electric cars.
In a blog post Thursday, Musk vowed "Tesla will not initiate patent lawsuits
against anyone who, in good faith, wants to use our technology."
Musk said Tesla was created to accelerate the adoption of sustainable
transportation.
"If we clear a path to the creation of compelling electric vehicles, but
then lay intellectual property landmines behind us to inhibit others, we are
acting in a manner contrary to that goal," he said.
Musk said that Tesla will continue to file for patents in the future, but
only to prevent other entities from patenting Tesla's innovations.
Related: Tesla in Britain - Fit for royalty?
Musk said that Tesla does not have an estimate on the economic value of the
patents it is making public, but he does not believe that investors should
be concerned about the company losing some kind of value from this move.
"I don't want to overstate the value of patents. If a company is truly
relying on patents or patent portfolio, that's a weak position," said Musk.
"I think nonetheless this can be of modest help to others."
Related: Musk staying at Tesla another 4-5 years
Shares of Tesla (TSLA) were little changed on the news, but have climbed
about 35% so far this year.
Elon Musk: Big risks 'make me unhappy'
Elon Musk: Big risks 'make me unhappy'
Musk said when Tesla first launched it filed for patents because he worried
that "big car companies would copy our technology and then use their massive
manufacturing, sales and marketing power to overwhelm Tesla." But he said
he's been disappointed by the fact that the established automakers have done
relatively little to develop electric cars.
Tesla's Model S has far greater range than any other electric-only car, able
to travel at least 200 miles between charges. Its Supercharger technology
also can recharge cars much more quickly than other plug-in cars can be
recharged.
The global industry needs to offer far more electric cars than Tesla can
build itself if the problems posed by greenhouse gases and global warming
are to be addressed, according to Musk. He said none of the other automakers
have reached out to Tesla to ask to use its technology, although it does
have partnerships with Toytota (TM) and Mercedes-Benz to provide parts of
their own electric cars.
"We think the market is big enough for everyone," he said. "I don't think
this hurts us, and if we can do things that don't hurt us and it can help
the U.S. industry, we should do that."
