By Sara Novak, Source: Ecosalon

Elon Musk, CEO of Tesla Motors, has said that the company will remove the patents decorating the walls of its Silicon Valley headquarters. It will not sue anyone who in good faith wants their electric car technology.

According to the Tesla blog, “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.”

Tesla Motors wants to clear the path for others who want to create a compelling electric car, and patents hinder that goal. The company initially garnered patents because it feared a competitor would copy its ideas and overwhelm the company financially, but that’s been far from the reality, according to Musk.

Read more at: Ecosalon