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Elon Musk Releases All of Tesla’s Patents To Save Earth

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Elon Musk Releases All of Tesla’s Patents To Save Earth

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Elon Musk, CEO of Tesla and SpaceX is known for being a genius, motor mouth billionaire. Under his leadership, Tesla has transitioned from being just another wannabe electric brand to the best selling one. His social media presence is mostly controversial. However, there is no denying that he has done a lot for the planet.

We now have one more reason to praise him. On Thursday, Elon announced that all of Tesla’s patent will be made public in a bid to save the planet.

In a blog post shared by him on Twitter, Musk says “Tesla Motors was created to accelerate the advent of sustainable transport. If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology.”

Tesla Smartphone

Tesla Going Strong

This comes after a report in CNBC stated that Tesla has around 83 percent market share of electric cars in the US. The sales of the company also have increased over 50 percent since last year. With this step, Musk feels that more companies will make use of electric powered vehicles and would contribute to save the planet.

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Musk said in his blog post that he earlier filed patents to prevent big car companies from copying the technology. And also using the huge marketing and sales apparatus to take over the market. “We couldn’t have been more wrong. The unfortunate reality is the opposite,” he said, noting that electric or clean-fuel cars “at the major manufacturers are small to non-existent.”

The shares of Tesla declined following mixed reactions to the news.

 

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Yashonil Gupta
Yashonil Gupta
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