Elon Musk – Welcomes Tesla’s Competition, Might Take Over GM’s Laid Off Plants

Elon Musk, Co-Founder and CEO Tesla, welcomes all of Tesla’s Competition with a warm heart. In an interview with Leslie Stahl in 60 Minutes, Musk opened up on how he perceives Tesla’s competition, both as an electric car manufacturer and also as a company investing heavily in the Self-Driving Technology.

As a company that works on Electric Cars and Autonomous Navigation Technology, Tesla is facing a lot of competition. The major competitors include Waymo, Cruise Automation, Volvo and VW.

GM had recently announced on doubling its investments in developing electric cars. On being asked about this action, Elon Musk reply was really interesting. It can be concluded that he actually favors competition from other car manufacturers.

Tesla's competition

Elon Musk at 60 Minutes | Source – 60 Minutes

Musk believes that having more competition in the field of electric cars would do a lot of good for the world. He believes that the main point of the existence of Tesla is to address much broader global concerns that humanity faces, one of which is developing Sustainable Driving Technologies for future generations.

He firmly believes that even if any of Tesla’s Competition succeeds Tesla and produces electric cars that result in Tesla getting completely shut down, it is still good for the betterment of the world.

The belief that Musk puts in Tesla for addressing much broader global concerns is evident from the fact that Tesla’s patents are open sourced. This means people can use Tesla’s patents free of cost.

To quotes Musk’s words, ” The whole point of Tesla is to accelerate the advance of Electric Vehicles and Sustainable Transports. We are trying to help the environment. We think it’s a more serious problem that humanity faces. I am not sure if you know, but we open sourced our patents. So, anyone who wants to use our patents, they can use it for free. If somebody makes a better electric car than Tesla and it’s so much better than ours that we can’t sell our cars and we go bankrupt, I still think its a good thing for the world.”

Another main point that was touched upon in the interview was that of GM’s move to lay over a considerable number of employees and shut down some of its plants. GM had recently announced major restructuring efforts, which may result in GM shutting down five of its plants of which four will be from the US and one will be from Canada.

On being asked about this move and whether Musk plans on taking up some of those plants, Musk did express a probable interest. He said, “It’s possible that we would be interested in taking if they were going to sell a plant”. If Tesla does make a move to acquire some of GM’s shut down plants in the US or Canada, it does make perfect sense since, as a company, Tesla has been making rapid increase both in terms of its salesforce and vehicle sales.

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