You can be on Entrepreneur’s cover!

Elon Musk Tells Tesla Competitors to Bring It On Big-name challengers are nipping at the visionary entrepreneur's heels and he wants more.

By Kim Lachance Shandrow

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Reuters | Rebecca Cook
Elon Musk

Threats in Tesla's rearview mirror are closer than they appear, but Elon Musk isn't flinching. He's "glad" for the competition. In fact, he wishes big car companies would put the pedal to the metal already.

"I'm glad to see these announcements of these other companies," Musk said of the increasing number of competitors revving up electric car plans during an interview with the Danish newspaper Børsen. "I hope they move even faster than they announce."

The visionary entrepreneur has all but begged traditional automakers to enter the battery-powered vehicle race for years now, from the pages of GQ to the heart of Motor City, and just about any time he commands the media spotlight, which is often.

Related: Apple's Tesla Challenger Could Roll Into the Market By 2019

Musk, currently overseas to cut the ribbon on Tesla's first European assembly plant, recently noted that seven long years have passed since his Palo Alto, Calif.-based startup unveiled the Roadster, its inaugural luxury electric sports car. Now, in a warming world circled by an estimated 1.2 billion cars -- only about 2.5 percent of them electric, fuel-cell or battery electric -- the billionaire is cooling off on outright condemning the auto industry for being asleep at the sustainable wheel. His approach today seems more honey than vinegar.

When asked by Børsen how he feels about taking on auto and energy industry giants, Musk acknowledged that it's challenging, yet pointed to how widely his car company has grown in spite of being a disruptive outsider. "It can be quite difficult at times," he admitted. "The big car companies and the big energy companies have quite sharp elbows, so, at various times, they try to squash small companies like Tesla, but generally I think we have the popular support."

Related: Stephen Colbert Tries to Figure Out if Elon Musk Is a Superhero or Something More Sinister (VIDEO)

The Børsen interviewer noted that some other high-end carmakers, specifically Porsche, are gaining traction. Musk responded by underscoring the "ideological motivation" behind why he launched Tesla Motors in 2003 in the first place: to stop human extinction by popularizing sustainable transportation. If all else fails, pack your SpaceX spacesuit, it's Mars or bust.

"The reason that we're doing Tesla is to try to accelerate the advent of sustainable transport, to have there be more electric cars on the road," Musk said, "and, to that end, we actually open-sourced all of our patents. Any e-car company can use our technology. It's no problem. They don't even have to pay a fee to us."

Share and share alike, and eat your heart out, Apple. Musk welcomes the challenge, late in the game as it is. Without more electric cars from more competitors on the road, he fears for the future of our world and our species, that is if artificial intelligence doesn't annihilate us first.

Related: Elon Musk, Stephen Hawking Warn That AI Military Robots Could Ignite Next Global Arms Race

Kim Lachance Shandrow

Former West Coast Editor

Kim Lachance Shandrow is the former West Coast editor at Entrepreneur.com. Previously, she was a commerce columnist at Los Angeles CityBeat, a news producer at MSNBC and KNBC in Los Angeles and a frequent contributor to the Los Angeles Times. She has also written for Government Technology magazine, LA Yoga magazine, the Lowell Sun newspaper, HealthCentral.com, PsychCentral.com and the former U.S. Surgeon General, Dr. C. Everett Coop. Follow her on Twitter at @Lashandrow. You can also follow her on Facebook here

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

What We Have to Gain By Talking About Grief and Loss At Work

I lost my husband to cancer during Covid — here's how it changed how I lead at work.

Money & Finance

5 Simple Wealth-Building Tips For This Generation's Forward-Thinkers

Explore practical finance tips for young professionals striving to overcome economic challenges.

Fundraising

Avoid These 9 Pitch Deck Mistakes When Asking Others For Money

Crafting an efficient pitch deck requires serious effort, but at least it's not wandering in the dark since certain rules are shaped by decades of relationships between startups and investors.

Business News

Mark Zuckerberg Says This CEO Is the 'Taylor Swift' of Tech

Meta's CEO posed with Nvidia CEO Jensen Huang on Instagram Wednesday.

Growing a Business

To Achieve Sustainable Success, You Need to Stop Focusing on Disruption. Here's Why — and What You Must Focus on Instead.

Instead of zeroing in solely on disruptive innovation, embrace a pragmatic approach to innovation, recognizing and leveraging the potential within ongoing industry shifts.

Real Estate

3 Emerging Trends Shaping the Future of Real Estate

These three innovations are reshaping the real estate industry — discover tips for effectively covering these trends.