Just when everyone thought the auto industry was tightening itself up, Tesla announces that it is opening its doors. As part of their plan to boost innovation and accelerate the development of electric car technology, Elon Musk, the CEO of Tesla announced an important step regarding future electric car development by allowing others to build on Tesla patents.
With patents traditionally being private and restricted, this move puts Tesla at the forefront of the technology and innovation movement for accelerating electric car technology. Elon Musk said that anyone who wants to act in good faith and develop electric car technology can use the Tesla patents in their work.
“Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology,” wrote chief executive Elon Musk in a blog post.
Mr Musk had hinted about Tesla’s plans in an interview with the BBC last week.
Tesla has sold over 90,000 vehicles in 2016 and is now the 10th most valuable car brand in the world. Tesla share prices in March 2013 were $38.00 and as of March 2017 are now worth $252.00
“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,” wrote Mr Musk.
“We believe that Tesla, other companies making electric cars, and the world would all benefit from a common, rapidly-evolving technology platform,” he added.
All this is good news as Tesla is continuing to establish its presence here and lay a groundwork for its future cars.
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