Tesla Motors To Share Patents To Spur Electric Car Development

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Tesla Motors To Share Patents To Spur Electric Car Development

by Wochit 0:41 mins

Tesla Motors To Share Patents To Spur Electric Car Development

by Wochit 0:41 mins

Tesla Motors Inc on Thursday said it would allow others to use its intellectual property in hopes of speeding up development of electric cars by all manufacturers. Tesla co-founder and Chief Executive Officer Elon Musk said the company would not take legal action against anyone who "in good faith, wants to use our technology." Musk said on the company's website that the industry would benefit from open-source sharing of technologies. "It doesn't really harm Tesla but helps the industry," Musk said on the call, "and I think actually it will help Tesla, mostly with respect to attracting and motivating the world's best technical talent."

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