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How important is intellectual property in the digital age? Not very, if the business strategies of industry luminaries like PayPal's Elon Musk and Facebook's Mark Zuckerberg are any indication.

Musk, the multi-talented entrepreneur behind PayPal, and more recently Tesla cars and SpaceX, has made it clear he considers Tesla’s impressive lead in battery and electric engine technology to be of secondary importance. So much so that he made Tesla’s digital platform openly available to outside parties — a move that stunned other car manufacturers.