Tesla's mercurial co-founder and CEO, Elon Musk, has revealed that he is open to the idea of sharing the company's electric vehicle technology and manufacturing capabilities with its competitors. Responding to a tweet by Teslarati, the billionaire tweeted, " Tesla is open to licensing software and supply powertrains and batteries. We're just trying to accelerate sustainable energy, not crush the competition."

In addition to the tweet, Musk also indicated that he would be even open to the idea of sharing Tesla's self-driving car technology called "Autopilot". Replying to a follower on the same Twitter thread, he cryptically responded "sure".

Musk has already pledged that Tesla will open-source all its patents. He views the use of sustainable energy as a critical tipping point against the battle for climate change. Musk has continuously reiterated this stance. He initially penned a blog post on Tesla's website back in 2014.

Tesla even managed to book a profit of $104 million in Q2 of 2020 despite lockdowns at its manufacturing facility with its core market of the US, being the worst impacted country by the coronavirus pandemic. It also marked the first time Tesla had booked a profit for four quarters in a row.

 

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Tesla's market top hit $100 billion on Wednesday, speeding past Volkswagen, which right now sits at $88 billion. Tesla shares flooded 16% in the week through January 23, expanding Elon Musk's total assets by $1.7 billion to $32 billion.

The 49-year-old Tesla CEO, who possesses almost 22% of the electric vehicle producer's stock, is as of now the 28th-most extravagant individual on the planet. He additionally has an expected $12.5 billion stake in SpaceX, his secretly held aviation organization known for reusable rockets.

Tesla shares have dramatically increased since October and are up over 30% this year — it's still just January. Tesla outperformed Ford and GM in advertise capitalization prior this month. The main carmaker still behind Toyota, with a market top of $233 billion.

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With more than 40 fully electric vehicles on the market in the U.S. or coming within the next three years, however, auto and charging company executives say the demand is on the way.

“The automakers, more and more of them are committing to manufacture electric vehicles,” said Mike Moran, spokesman for Electrify America, a network of charging stations being built with $2 billion in settlement money from Volkswagen’s diesel emissions cheating scandal. “Last year automakers announced a combined $225 billion in investments in electrification.”

There are now 26,000 electric vehicle charging stations open to the public in the U.S., with more than 84,000 plugs.

But the country, and the world, will need thousands more if drivers are going to adopt vehicles powered by batteries alone. And because they’re being asked to invest before that demand arrives, automakers and charging companies are struggling to raise the numbers.

Currently electric vehicles make up only about 1.3% of total new vehicle sales in the U.S., according to the Edmunds.com auto site. Electrics are much bigger in other countries, accounting for 2.6% of global new vehicle sales last year, the International Energy Agency says.

On Friday, General Motors and charging company EVGo announced plans to add about 700 fast-charging stations, tripling the number on the EVGo network over the next five years. They wouldn’t say how much they’ll invest, but plan to add 2,700 fast-charging plugs.

source: AP

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