Elon Musk throws down the gauntlet and challenges Mercedes to spend more than $1 billion on electric cars

Musk has long welcomed competition in the electric-vehicle space, saying it will help speed the growth of sustainable transportation. He open-sourced patents in 2014 as part of that aim.

Musk’s comment supports his stance that automakers with a bigger cash cushion should do more to advance electric cars.

“It doesn’t really harm Tesla but helps the industry,” Musk said during a 2014 call, “And I think actually it will help Tesla, mostly with respect to attracting and motivating the world’s best technical talent.”

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