How Elon Musk is using the sharing economy principles

Syntera
3 min readSep 18, 2018

Syntera Company is based on the sharing economy principles. We are sure that the sharing economy has a great future, and some outstanding progressive investors and billionaires also see great prospects in this.

For example, Canadian-American inventor and investor Elon Musk, is widely known for his electric vehicles Tesla, announced the transfer of all corporate Tesla Motors patents into the public use. Such an action is looking absolutely illogical for a capitalist economy. Corporations which have patents are earning billions of dollars, granting the right to use the technology for a certain period of time. Elon Musk: all intellectual property of Tesla Motors can be used by anyone to promote the technologies of electric cars.

At the beginning of its existence, the company also dealt with patenting unique technologies to protect itself from large automotive corporations. But, as time has shown, large concerns are not interested in promoting electrotechnologies. At that time among all sold cars — 99% had gasoline engines. And that’s why Tesla Company needed to find a cardinal solution that would change the situation and such a decision turned out to be the sharing of Tesla’s developments and technologies.

The company will not initiate a patent litigation against those who are using their technologies for the sake of general development, the improvement of electric vehicles. Thus, they will not be alone in withstanding gasoline cars on the market, and together with other companies will occupy market segments offering users a more environmentally friendly alternative. Joint efforts to promote electric vehicles will allow more effective control over harmful substances emissions into the atmosphere. And this is an important step for the whole world. Tesla Motors is the first one of the major players who realized the sharing economy benefits for the society.

Opening of patents allowed smaller automobile players to enter the market, expanded the quantity, quality and types of electric vehicles since technological high-cost developments have already been made by Tesla Motors. And now a company which wants to produce electric cars, can simply use them without a threat of a patent litigation. And this fact has already allowed to reduce the prices of cars and to a make serious competition even in inexpensive segments.

Right now, Tesla has no serious competition in this market. But at the same time, it cannot also cover all needs, since most of its vehicles are completed in the business and premium segment.

Already today, investing with Syntera, you are in the ranks of those who have realized all the sharing economy prospects and its future. The Company’s ecosystem and the Marketplace which is being developed by us have a business model built on the sharing economy. All this, in conjunction with smart contracts, transparent and public blockchain are already in demand today and will only gain popularity in the near future. Hurry to join the promising Syntera projects today and get all the benefits of the Sharing Economy now!

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