Would you ever open up your patent portfolio for everyone to see and use?
Well, that’s exactly what Elon Musk, Head of Telsa, did last week when he announced his company would not litigate against anyone who used their patents if they were being used in ‘good faith’.
Telsa, an electric car manufacturer, faced great risks with this decision and many feared investors would react badly to this unconventional declaration. However, it seemed that investors supported Mr Musk’s decision to make the technology accessible to others in an attempt to grow the economies of scale of electric motors.
What do you think? Will we be seeing a lot more companies following this open source philosophy?