Wednesday, June 18, 2014

Tesla Patents Free For Fair Use

In a bid to accelerate the adoption of the all electric car, on June 12th 2014, Tesla Motors CEO Elon Musk announced that all Tesla patents would be shared with other automakers. Musk made the move because he believes that the major car manufacturers are lacking in their electric car programs.

Musk feels that holding on to his patents will only mean growing competition from companies that make combustion engine vehicles. He is opting for a "fair us," approach that he hopes will encourage other car makers to not only make more electric cars, but perhaps in return, share their ideas with Tesla.

Noting that the current rate of electric car production is only 1% of current overall vehicle production, Musk said that it would take about 20 years to replace all of the fossil fuel cars on the road today, with electric cars. He sees the rate of Co2 emissions as a "carbon crisis," and thinks that an accelerated rate of electric car production could only be carried through if the other car manufacturers were to step up their programs.

As for share holders worries that Tesla is "giving away the store," so to speak, Musk believes that by creating an open source platform, Tesla will also "attract and motivate the world's most talented engineers to become involved." Problems with the development of more improved lithium-ion batteries or increasing the range of electric cars, could be solved with greater speed and efficiency, with more minds committed to the task.

Sales of all electric cars were up 288.88% in 2013. The transition has begun. Will this move by Tesla Motors be the spark that ignites real growth in electric car production? We will see.

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