Musk hits out at slow-moving traditional automakers: 'It'll probably take the big automakers about three years'
Elon Musk, CEO of Tesla Inc TSLA, looked again Sunday at the slowness of traditional automakers.
What happened: "Designing the cameras, the liquid-cooled Tesla computer (still liquid-cooled!), and the high-security internet gateway will probably take about three years to major automakers," Musk wrote.
The CEO was responding to an X.com user who opined that it would still take years for Ford Motor Co F to integrate Autopilot into its vehicles, even if Tesla gave them the full source code autopilot.
"We want to be helpful, as we have been by making our patents freely available, as well as our advanced charging connector," Musk wrote in his response. He added that traditional automakers could also benefit from Tesla's server-side online vehicle management system.
Why it matters: Just last week, Musk highlighted the slow transition to electric vehicles by traditional automakers. “Some companies understand, but their pace of change is nonetheless slow,” Musk wrote on X.com. The CEO was responding to a user who said that the incumbent automakers are about to have their “Kodak moment”.
"This trend is unfortunately the same for many automakers," Musk said afterwards.
Despite Elon Musk's apparent eagerness to part ways with Tesla's knowledgebase, it was reported earlier this month that the electric vehicle giant may sue its competitor Rivian Automotive Inc, RIVN, for alleged theft of trade secrets. Filed in 2020, Tesla's lawsuit alleges that Rivian hired its former employees, who in turn passed on documents to the startup that included "highly sensitive trade secrets, confidential and proprietary technical information."
Tesla expanded the lawsuit in 2021, claiming Rivian stole core technology tied to its next-generation batteries. Rivian, meanwhile, has denied any wrongdoing.
Find out more coverage on Benzinga's future of mobility byby following this link.
Read more: Elon Musk shares the excitement: SpaceX Super Heavy Booster 9 Passes Static Fire Test
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Elon Musk, CEO of Tesla Inc TSLA, looked again Sunday at the slowness of traditional automakers.
What happened: "Designing the cameras, the liquid-cooled Tesla computer (still liquid-cooled!), and the high-security internet gateway will probably take about three years to major automakers," Musk wrote.
The CEO was responding to an X.com user who opined that it would still take years for Ford Motor Co F to integrate Autopilot into its vehicles, even if Tesla gave them the full source code autopilot.
"We want to be helpful, as we have been by making our patents freely available, as well as our advanced charging connector," Musk wrote in his response. He added that traditional automakers could also benefit from Tesla's server-side online vehicle management system.
Why it matters: Just last week, Musk highlighted the slow transition to electric vehicles by traditional automakers. “Some companies understand, but their pace of change is nonetheless slow,” Musk wrote on X.com. The CEO was responding to a user who said that the incumbent automakers are about to have their “Kodak moment”.
"This trend is unfortunately the same for many automakers," Musk said afterwards.
Despite Elon Musk's apparent eagerness to part ways with Tesla's knowledgebase, it was reported earlier this month that the electric vehicle giant may sue its competitor Rivian Automotive Inc, RIVN, for alleged theft of trade secrets. Filed in 2020, Tesla's lawsuit alleges that Rivian hired its former employees, who in turn passed on documents to the startup that included "highly sensitive trade secrets, confidential and proprietary technical information."
Tesla expanded the lawsuit in 2021, claiming Rivian stole core technology tied to its next-generation batteries. Rivian, meanwhile, has denied any wrongdoing.
Find out more coverage on Benzinga's future of mobility byby following this link.
Read more: Elon Musk shares the excitement: SpaceX Super Heavy Booster 9 Passes Static Fire Test
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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