kpix-7-2013-masthead kcbs 7-2013-masthead

Tech

Tesla To Share Patents With Rival Companies To Boost Electric Vehicle Industry

View Comments
Tesla Model S (Photo credit: Justin Sullivan/Getty Images)

Tesla Model S (Photo credit: Justin Sullivan/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Trending Stories On CBS SF

quake flash 082614 Tesla To Share Patents With Rival Companies To Boost Electric Vehicle IndustrySome Bay Area Residents Report Mysterious Flashes In The Sky During Napa Quake

keyframe22 Tesla To Share Patents With Rival Companies To Boost Electric Vehicle IndustryCaught On Camera: Concord Thief Uses Mystery Electronic Device To Break Into Car

454087234 8 Tesla To Share Patents With Rival Companies To Boost Electric Vehicle IndustryStrong Magnitude 6.0 Earthquake Rocks San Francisco Bay Area, Dozens Hurt, Significant Damage In Napa

solar farm Tesla To Share Patents With Rival Companies To Boost Electric Vehicle IndustryBirds Bursting Into Flames Above Solar Farm Stirs Calls To Slow Expansion

aftershocks Tesla To Share Patents With Rival Companies To Boost Electric Vehicle Industry5 Aftershocks Hit Napa, Largest Quake Since Sunday’s 6.0 Earthquake

SAN FRANCISCO (AP) — Electric car maker Tesla Motors is opening access to its patents to accelerate electric vehicle development.

Tesla CEO Elon Musk says the company will share several hundred patents and won’t sue those who use them.

Musk says the patents could be a “modest” help to other companies developing electric cars. He says Tesla has gotten few requests for technology from rivals, partly because the patents were blocking access.

Entering this year, Tesla had 203 patents covering batteries and other key features. The earliest any of Tesla’s current patents expires is 2026, so the Palo Alto company is relinquishing a potentially valuable long-term advantage.

Stifel analyst James Albertine says the announcement signals Tesla is open to collaboration as it ramps up production. It currently makes one vehicle, the Model S sedan.

 

© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 53,851 other followers