Late last week, Elon Musk, the CEO of Tesla, announced he would not initiate lawsuits against anyone who uses the patents for Tesla’s technologies. In effect, Tesla’s competitors can now freely take advantage of the company’s designs for sunroofs, vehicle parts, and batteries.
Given Musk’s celebrity status as an inventor, it is no surprise that most of the press has devoted its coverage to analyzing his rationale. On the face of it, letting others openly copy the technologies and ideas you have painstakingly developed doesn’t seem like a sensible business plan. In the long-term, however, Musk’s decision shows how greater knowledge sharing and looser patent regulations could accelerate innovation in the clean tech industry.