“Yesterday, there was a wall of Tesla patents in the lobby of our Palo Alto headquarters. That is no longer the case. They have been removed, in the spirit of the open source movement, for the advancement of electric vehicle technology.”
While we will have to see just what this means, it espouses something very important – a 21st century company must remain nimble and adaptive. Relying too much on patents and IP protection can induce complacency.
Patents may be a good defense but should not be really used to prevent someone else from innovating.
And patent trolls are a bane of our existence.
So good for Musk.