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Tesla head Elon Musk's 'high-risk' patent gamble
2014-07-10
 

IP News

Home > IP News

Tesla head Elon Musk's 'high-risk' patent gamble

2014-07-10

A review of the best commentary on and around the world...

Today's must-read

On Thursday Tesla head Elon Musk announced his company will not enforce the patents it holds on electric car technology.

 

"Tesla Motors was created to accelerate the advent of sustainable transport," he writes on his company's blog. "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."

He concludes:

Technology leadership is not defined by patents, which history has repeatedly shown to be small protection indeed against a determined competitor, but rather by the ability of a company to attract and motivate the world's most talented engineers. We believe that applying the open-source philosophy to our patents will strengthen rather than diminish Tesla's position in this regard.


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http://www.bbc.com/news/blogs-echochambers-27823166

 

(These latest Intellectual Property (IP) news and events presented here, are prepared and compiled by us, the World Patent & Trademark Law Office (WPTO),for your reference and information)