Elon Musk Wants to License Tesla's Self-Driving Tech to Other Brands, and It Could Be Worth Billions
Tesla (NASDAQ: TSLA) has been selling electric vehicles (EVs) at scale for more than a decade, and it has since been the industry leader by a wide margin. In 2014, the company revealed plans to introduce driver assistance software that would eventually be capable of piloting each Tesla vehicle without human input.
Today, that technology is known as full self-driving (or autonomous driving), and it's currently available in beta mode for some Tesla customers.
Missed timelines aside, CEO Elon Musk has spoken about the enormous opportunities self-driving will create for Tesla and its customers. But in a June 6 Twitter post, he said he'd also be willing to license the software to other car makers. It's a move that could rake in billions of dollars at a very high profit margin, so let's explore the details.
Source Fool.com
Tesla Inc Stock
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