The Tesla Model S, Motor Trend Car of the Year is introduced at the 2013 North American International Auto Show in Detroit, Michigan, January 15, 2013. (Photo credit: Stan Honda/AFP/Getty Images) Tesla is giving away its revolutionary electric car technology for free. The company’s founder and CEO Elon Musk, who also runs Hawthorne-based SpaceX, announced in a blog post Thursday that Tesla would not file lawsuits against automakers that wish to use its electric technology. (Submitted photo) Sound The gallery will resume inseconds Show Caption of Expand By Jordan England-Nelson | [email protected] | PUBLISHED: June 12, 2014 at 5:14 pm | UPDATED: September 6, 2017 at 6:25 am After spending a decade and hundreds of millions of dollars on research and development, Tesla founder and CEO Elon Musk announced Thursday that he is giving away his revolutionary electric car technology for free. The 42-year-old billionaire entrepreneur believes the open-source approach is the only way that electric carmakers will be able to compete with gasoline-powered vehicles, which account for 99 percent of car sales. Musk, who also runs Hawthorne-based rocket maker SpaceX, wrote in a blog post that Tesla would not file lawsuits against car companies that adopt its electric technology…. Read full this story
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