NEW YORK (TheStreet) -- Tesla Motors
(TSLA - Get Report) has continued to make shockwaves in the automotive industry, following the announcement it will open-source all of its patents, in addition to potentially allowing other automotive companies use of the company's proprietary Supercharger network, as the company pushes the electric vehicle forward.
In June, Tesla's CEO Elon Musk made good on a promise he made earlier that month, opening the company's patents to competitors for the betterment of the electric car market as a whole. "Tesla Motors was created to accelerate the advent of sustainable transport," Musk said in a blog post, discussing the move. "If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology."
Following the announcement, Wall Street analysts were largely positive, noting it could support "faster development of the supercharger network," according to Baird analyst Ben Kallo in a research note.
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Since Tesla has come into the limelight, led by Musk and the allure of the Model S, the company has made stunning announcement after stunning announcement, questioned by both bull and bear alike.
As it seeks to get to the Gen III car which Musk has said will bring Tesla to the masses, with a price around $40,000, the company unveiled plans for a Gigafactory, which would help cut battery costs by more than 30%.
Over the weekend, there were two separate accidents which involved Tesla Model S cars, one where the car split in half and burned following a high-speed chase in Los Angeles, and the other involved a Tesla that rear-ended a Toyota
Corolla in Palmdale, Calif. In both accidents there were injuries; the driver of the Corolla and two boys were killed.
One of Musk's more curious decisions was to allow other manufacturers access to the company's Supercharger network, which recharges the Model S, provided these companies share in the costs for the stations. Other auto manufacturers, such as Ford
or General Motors
using them, would have to create cars that can handle the 135 kWh of power that comes from the Superchargers.
The average cost per station
, is roughly $150,000 in capital expenditures, without solar, then an additional $150,000 with the solar charging, making each station's cost roughly $300,000.
Here's what Simon Sproule, Tesla's VP of Communications, had to say about the patent announcement, an update on the Gigafactory, as well as its Supercharger network.