Tesla to allow others to use its patents: Musk

Electric car maker Tesla will open up its patents “for the advancement of electric vehicle technology,” CEO Elon Musk said on Thursday.

“Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology,” he said in a blog post.

This is a developing news story. Please check back for updates. 

Earlier this week, Engadget first reported that Musk plans to encourage standardized electrical car specifications by opening Tesla’s Supercharger system to other automakers. The Supercharger allows Tesla drivers to charge half the car’s battery life in about 20 minutes.

Thursday’s announcement appeared to be much broader than just the charging stations, though.

“We believe that Tesla, other companies making electric cars, and the world would all benefit from a common, rapidly-evolving technology platform,” Musk said in his blog.

Click here to see how Tesla stock is trading.

Read More Eyes on Mars: SpaceX unveils capsule for astronauts

Recently, Musk said at the company’s annual meeting he plans to stay at least another 4-5 years as Tesla’s CEO. Musk also said that Tesla will not pick a final site for its long-awaited “Gigafactory” until the end of the year. The goal of the plant is to mass-produce lithium-ion batteries and lower their cost.

Read More Musk: I will remain CEO for at least another 5 years

This entry was posted in Auto, Technology. Bookmark the permalink.

Leave a Reply