PolitiQuote

Discover video-sourced quotes by politicians

Elon Musk: “Most patents inhibit innovation, they do not help it.”

Featuring: Elon Musk, Senior Advisor to the President, Head of Department of Government Efficiency | National

Watch on YouTube

ELON MUSK JOINS VERDICT - PART 2 Verdict Ep. 215

Published | Video Starts at 22:19

There are some, in my opinion, we should massively reduce what can be patented. Because the whole point of patenting is to maximize innovation, not inhibit it. And in my opinion, maybe a controversial opinion, Most patents inhibit innovation, they do not help it. But there are case, I want to do one single out cases like where, such as a phase three clinical trial, it might cost a billion dollars, but then the drugs thereafter cost a few dollars to manufacture. (22:19–22:23)

CLAIM

Asserts that the majority of patents hinder rather than promote innovation.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Elon Musk

Discover more from

Elon Musk

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.