Tesla Motors Inc (NASDAQ:TSLA) Offers To Share Data With Industry Players And Regulators

Sharing is caring according to Tesla Motors Inc (NASDAQ:TSLA). It is probably the reason why the company wants to share out the 780 million miles of the semi-autonomous usage data to the US Department of Transportation (DoT) and other auto manufacturers. Speaking at Tesla’s annual shareholder’s conference, CEO Elon Musk said that the company does not have any reservations in sharing out the information but on a statistical basis.

Musk outlined that regulators stand a better chance of benefiting from the shared data given that they need to have a better understanding of the autonomous vehicles. On the other hand, manufacturers will learn a thing or two on how to speed up development of the technology. Moreover, exploration of robust autonomy solutions by car manufacturers is increasing by day hence the more the data available, the better for them.

However, Tesla was quick to elaborate that it is only offering to share out anonymized statistical information but not the driving data of individual users.

The offer by Tesla comes way before its expected but unconfirmed release of a Level 4, fully-autonomous vehicle. Rumor has it that the release will be done within the next year, but the car will hit the road in less than two years.

Something unique about the Level 4 is that it is all autonomous which gives anyone a leeway to enter their destination without necessarily having a driver’s license. It is all about revamped technology for regulators as Musk described it.

Apparently, Tesla has previously given other offers to its competitors. In good faith, it offered its patents to anyone who was willing to use them. That was back in 2014. Also, the company received 33% in premium for its one of the first Model Xs.

Clearly Tesla is going places in terms of technology. It is perhaps the reason why it is dragging along industry players and regulators into its willingness in sharing the anonymized data which is all about the performance of autonomy systems.

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