Tesla (TSLA) in 'early discussions with a major OEM' to license full self-driving software

Electric vehicle giant, Tesla (NASDAQ: TSLA) held their 2Q earnings call on Wednesday where CEO Elon Musk spoke about the direction of the company, and confirmed that the Electric automaker is in early discussions to license its Full Self-Driving software to a major automaker.

“We’re not trying to keep this to ourselves.” Said the multi-billionare CEO about the company’s FSD program.

“we are very open to licensing our full self-driving software and hardware to other car companies. And we are already in discussions with -- early discussions with a major OEM about using the Tesla FSD.” Said Musk.

In a Tweet earlier this year, Musk expressed Tesla's willingness to license its Autopilot or Full Self-Driving technology to other companies as part of their efforts to advance autonomous driving.

"We are open to licensing Autopilot/FSD or any other Tesla technology," he tweeted.

Since Ford and General Motors are already in the development of their own self-driving efforts, it’s safe to speculate that they would likely not be the ones to license Autopilot or FSD from Tesla.

“We believe that Tesla, other companies making electric cars, and the world would all benefit from a common, rapidly-evolving technology platform,” Musk wrote in 2014.

Shares of TSLA are down 9.19% in afternoon trading on Thursday.

By Michael Elkins | [email protected]

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