CEO Elon Musk says that Tesla is currently open to licensing software and supply powertrains and batteries to other automakers struggling to make electric cars.
Now Tesla CEO Elon Musk said that they are willing to help.
In response to those recent comments, Musk wrote on Twitter:
“Tesla is open to licensing software and supplying powertrains and batteries. We’re just trying to accelerate sustainable energy, not crush competitors!”
The CEO even said that Tesla would be willing to license Autopilot – though he had said in the past that it would be difficult to implement.
There’s a limit though. Tesla is not going to share its in-car fart machine technology:
Haha no one can ever have our top secret fart technology!!
Tesla used to supply powertrains and batteries to Mercedes-Benz and Toyota, who both used to be Tesla shareholders, but they stopped back in 2015 after ending all their programs.
Back in 2014, Musk announced that Tesla is “open-sourcing” its patents to help other automakers accelerate electric vehicle development.
However, the move has been criticized for not being “open-sourcing” in the true sense of the word since Tesla only “pledged” not to sue any company using its patented technology “in good faith”.
The difference resulted in not many companies actually using Tesla’s patented technology.
The only company who openly admitted to using Tesla’s patented technology is the Chinese automaker Xpeng, who Tesla actually ended up suing – although not over the use of patented technology but over allegedly stealing the Autopilot source code.
Electrek’s Take
I don’t think that’s going to happen.
When Tesla stopped supplying powertrains and batteries to Daimler and Toyota, Elon said that Tesla was constrained by battery supply and needed all the batteries it could get for its own electric vehicle production.
This seems to still be true today and for the foreseeable future according to comment Elon made as recently as last week.
On the other side, automakers need to want to rely on Tesla for those and there might be a few interested parties, but I think most automakers want to develop their own expertise in what is becoming the new life and blood of the auto industry.
As for software, I don’t know what that would look like.
I know about software licensing deals in the auto industry like what Polestar has with Google’s Android, but I am not sure Tesla could have a similar deal.
There’s also battery management software, Autopilot software, over-the-air update software, and many other uses of software inside the cars.
I’d be curious how a licensing deal for some of those products would look like.
What do you think? Let us know in the comment section below.
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CALGARY – TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.
It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.
The change came as the company reported a third-quarter profit attributable to common shareholders of C$1.46 billion or $1.40 per share compared with a loss of C$197 million or 19 cents per share in the same quarter last year.
Revenue for the quarter ended Sept. 30 totalled C$4.08 billion, up from C$3.94 billion in the third quarter of 2023.
TC Energy says its comparable earnings for its latest quarter amounted to C$1.03 per share compared with C$1.00 per share a year earlier.
The average analyst estimate had been for a profit of 95 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 7, 2024.
BCE Inc. reported a loss in its latest quarter as it recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.
The company says its net loss attributable to common shareholders amounted to $1.24 billion or $1.36 per share for the quarter ended Sept. 30 compared with a profit of $640 million or 70 cents per share a year earlier.
On an adjusted basis, BCE says it earned 75 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.
“Bell’s results for the third quarter demonstrate that we are disciplined in our pursuit of profitable growth in an intensely competitive environment,” BCE chief executive Mirko Bibic said in a statement.
“Our focus this quarter, and throughout 2024, has been to attract higher-margin subscribers and reduce costs to help offset short-term revenue impacts from sustained competitive pricing pressures, slow economic growth and a media advertising market that is in transition.”
Operating revenue for the quarter totalled $5.97 billion, down from $6.08 billion in its third quarter of 2023.
BCE also said it now expects its revenue for 2024 to fall about 1.5 per cent compared with earlier guidance for an increase of zero to four per cent.
The company says the change comes as it faces lower-than-anticipated wireless product revenue and sustained pressure on wireless prices.
BCE added 33,111 net postpaid mobile phone subscribers, down 76.8 per cent from the same period last year, which was the company’s second-best performance on the metric since 2010.
It says the drop was driven by higher customer churn — a measure of subscribers who cancelled their service — amid greater competitive activity and promotional offer intensity. BCE’s monthly churn rate for the category was 1.28 per cent, up from 1.1 per cent during its previous third quarter.
The company also saw 11.6 per cent fewer gross subscriber activations “due to more targeted promotional offers and mobile device discounting compared to last year.”
Bell’s wireless mobile phone average revenue per user was $58.26, down 3.4 per cent from $60.28 in the third quarter of the prior year.
This report by The Canadian Press was first published Nov. 7, 2024.
TORONTO – Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago.
The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year.
Net income attributable to shareholders amounted to $5.4 million or six cents per diluted share, up from $3.9 million or four cents per diluted share a year earlier.
On an adjusted basis, Canada Goose says it earned five cents per diluted share in its latest quarter compared with an adjusted profit of 16 cents per diluted share a year earlier.
In its outlook, Canada Goose says it now expects total revenue for its full financial year to show a low-single-digit percentage decrease to low-single-digit percentage increase compared with earlier guidance for a low-single-digit increase.
It also says it now expects its adjusted net income per diluted share to show a mid-single-digit percentage increase compared with earlier guidance for a percentage increase in the mid-teens.
This report by The Canadian Press was first published Nov. 7, 2024.
