Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk may be contemplating doing something “fairly controversial” and the CNBC team discussed what this could be.
Musk made the revelation during the latest annual shareholder’s meeting of the company and industry observers say that he may be thinking of opening up some of the company’s patents. USA TODAY’s Chris Woodyard said that the Tesla Motors Inc (NASDAQ:TSLA) CEO hints of doing this to maybe foster the electric car industry and maybe even help competitors. However, Musk is said to be carefully pondering this move before he sets it into play.
CNBC’s Tyler Mathisen, Dominic Chu and Julia Boorstin discussed how this could help the electric car industry take off. Chu said:
“How about this? How about opening up some of those patents so that people can actually develop the technology around Tesla automobiles, around their own thing. So this is, again, like open source for electric car batteries and electric car technology. What in essence this could do is allow a lot more people to form a bigger ecosystem around electric cars.”
Chu added that this move being contemplated by the CEO of Tesla Motors Inc (NASDAQ:TSLA) could foster a big boom in the industry. As an example, he mentioned that back in the day, Apple Inc. (NASDAQ:AAPL) suffered because they initially closed off their operating system.
Meanwhile, the team also discussed Chinese state media calling on Beijing to impose punishments on American technology companies. According to reports, Apple Inc. (NASDAQ:AAPL), Cisco Systems, Inc. (NASDAQ:CSCO), Facebook Inc (NASDAQ:FB), Microsoft Corporation (NASDAQ:MSFT), and Yahoo! Inc. (NASDAQ:YHOO) have been branded as threats to China’s cyber security.
Boorstin remarked that billions of dollars are at stake in the issue because China is a very big market. However, she said that the issue does not make sense because the government is just “trying to protect the economy”. She added that Facebook Inc (NASDAQ:FB), one of the companies they called out, is blocked in China.
Watch the video below where the team also discussed New Jersey governor Chris Christie getting a Father of the Year award.
Shareholders in Tesla Motors Inc (NASDAQ:TSLA) includes Andor Capital Management managed by Daniel Benton with a stake totaling to 1.25 million shares. By the end of March, Jat Capital Management managed by John Thaler also held 948,778 shares in the automobile maker.