Tesla Motors Patents Now Available To AnyoneElon Musk said the company is opening up its patents to competitors in 'the spirit of the open source movement.'

ByNina Zipkin

Tesla Motors CEO Elon Musk announced today, that in an effort to embrace the open-source movement, the company "will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology."

He went on to explain in a blog post titled "All Our Patent Are Belong to You" (a play on the Internet meme "All your base are belong to us")on the company site that his reasoning behind the decision had to do with the progress of electric car technology. "If we clear a path to the creation of compelling electric vehicles, but then laid intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal."

Related:Elon Musk: 'Maybe We'll Make a Flying Car, Just For Fun'

Musk, who is also the CEO of SpaceX, said initially the concern was that without patents, bigger car companies could ostensibly take the ideas developed by Tesla and use them against the company. But that has not been the case. According to Musk, there are 100 million new automobiles being produced per year, and there are approximately 200 billion cars globally. And of that, electric cars are only making a small dent, accounting for about one percent of rivals' total sales.

Related:Tesla's Direct-Sales Model Banned in New Jersey

"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," he stated.

Ultimately, he wrote "we believe that Tesla, other companies making electric cars, and the world would all benefit from a common, rapidly-evolving technology platform."

Tesla will still continue to apply for patents for new technology.

Related:Is It Time to Call Tesla the Future of Made In America? Not Quite.

Wavy Line
Nina Zipkin

Entrepreneur Staff

Staff Writer. Covers leadership, media, technology and culture.

Nina Zipkin is a staff writer at Entrepreneur.com. She frequently covers leadership, media, tech, startups, culture and workplace trends.

Editor's Pick

Related Topics

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

卡尔·鲁德尔曼是第五高级公民Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Business News

Taco Bell Slammed With Lawsuit Over 'Especially Concerning' Advertisements, Allegedly Deceiving Customers

The class action lawsuit claims the chain is advertising more than they deliver.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business News

Body of Missing 27-Year-Old Goldman Sachs Banker Found in Nearby Body of Water

John Castic, a 27-year-old Goldman Sachs employee, went missing around 2:30 a.m. on Saturday after attending a concert at the Brooklyn Mirage in East Williamsburg.

Business Culture

The Newest Workplace Trend Has HR Sounding The Alarm

HR departments are still figuring out how to handle "quiet quitting," but a new trend is taking over.

Business News

Steve Jobs's Son Is Diving Into Venture Capital — and His Focus Hits Close to Home

Reed Jobs, 31, launched venture capital firm Yosemite, which already boasts $200 million from investors and institutions.