Elon Musk is known for his innovative ideas, commercial acumen and saviness.
Zip2 was the first company he founded and sold to Compaq, he went on to co-found PayPal and SpaceX. His ambitious Hyperloop project has also gotten a lot of attention.
Aside from being the CEO of SpaceX, Musk is also in charge of Tesla Motors. The electric car company has revolutionized the industry and now Musk is making all their patents available to competitors in a quest to increase adoption of electric cars.
“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,” Musk wrote in a blog on the company’s Web site.
“Technology leadership is not defined by patents, which history has repeatedly shown to be small protection indeed against a determined competitor, but rather by the ability of a company to attract and motivate the world’s most talented engineers,” he wrote. “We believe that applying the open source philosophy to our patents will strengthen, rather than diminish, Tesla’s position in this regard.”
Tesla also met with BMW this week to discuss a partnership when it comes to charger stations.
This is a good move by Tesla which will certainly benefit customers in the long run.