With Patent Giveaway, Tesla Shows Silicon Valley What Ingenuity Means
10 years, 9 months ago

With Patent Giveaway, Tesla Shows Silicon Valley What Ingenuity Means

Wired  

Tesla CEO Elon Musk says that by openly sharing its patent portfolio with the rest of the world, his company will help expand the market for electric cars. With a blog post on Thursday, Musk announced that Tesla "will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology." It's not clear exactly how the electric car maker will go about licensing its technology to other companies, but Musk says that its entire portfolio--spanning several hundred patents--will be covered, including its high-speed battery-charging technology. Broken Patent System Asked what Tesla shareholders thought of the company's move, Musk downplayed the importance of owning patents, saying it was more important for a company to be constantly creating new technologies than to doggedly pursue lawsuits against other companies doing similar things.

History of this topic

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