Dive Brief:
- Elon Musk has released Tesla Motors' patented electric vehicle (EV) and charger technology to the public domain.
- In a blog post titled "All Our Patent Are Belong To You," Tesla CEO Elon Musk said the company will not file against anyone using their patented technology in "good faith."
- The company hopes that, by making its technology open source, it will help boost EV production and penetration across the U.S.
Dive Insight:
Global car production hits about 100 million cars per year, with EVs making up a very small portion of that. But with 100 million cars produced each year and billions of vehicles in use worldwide, "the market is enormous," Musk said.
"Our true competition is not the small trickle of non-Tesla electric cars being produced, but rather the enormous flood of gasoline cars pouring out of the world’s factories every day," Musk said. Tesla Motors was "created to accelerate the advent of sustainable transport," even at the expense of exclusive rights to its own technology.
