Musk Opens Patents

When Tesla opened up its patents last week, that was a game changer for the electric car industry.  Some may question the move but as I said before, it’s not a good bet to bet against Elon Musk.  Aside from having a fighter’s spirit he has the ability to look long term and the resources to support it.

According to Musk, his reasons for opening up his patents were based on the situation we are in regarding climate change.  He wants the conversion to electric cars to happen faster than it is already so we can reduce carbon emissions before things get any worse.

Musk stands to gain immensely from the increased output of electric cars through the ancillary sales of his batteries and components and through his charging stations. Sometimes the stars align for certain individuals and it looks like this is a great set up.   

Here’s the company’s full statement:

Tesla Motors Statement on Patents

 

Expanding the Topics

I'm expanding the topics that I'll cover in this blog to include other investments.  To do well financially you have to diversify your portfolio and include other things than stocks.  Real estate is probably one of the best investments you can make simply because you can rent a property even when it's value may be low.  The key however is finding a property that is in a good location and is "rentable."

Another investment to consider is owning copyrights or patents.  These investments can gain significant value overtime and the other good thing about them is that just like a property you get residual income in the form of royalties.

One last investment to consider is artwork.  If you can get art from an up and coming artist you will have a good investment that will increase in value overtime as that artist's career gains traction.  The key is finding an artist who is getting to be well-known.  Check to see where and when the artist has done exhibitions and if there is any press out there about them.  Have they won awards and have they done any high-profile installations? Also you can see who they studied with or what collectives or associations they're members of.  This will add value to their art over time.