Money Minute: CEO Elon Musk Opens Tesla's Patents to All

Tesla chief Elon Musk is ready to share the family jewels. Musk says he will allow access to the company's proprietary technology to any car company that wants to build an electric vehicle. He says the world could benefit from the speeding up the development of electric cars. It's comparable to technology companies providing open source access to their programs. One potential advantage to Tesla Motors (TSLA) is that rivals could help it expand the network of charging stations.

For the second time in a year, Ford (F) admits it overstated the gas mileage on several of its vehicles. The company had advertised the great mileage these vehicles get, but now it's backtracking. It's offering money back -- from $125 to more than $1,000 in some cases -- to people who bought six 2013 and 2014 models, including the Fiesta and the Fusion hybrid.

The Spanish-language TV network Univision is reportedly seeking a buyer. The Wall Street Journal says Univision has met with Time Warner (TWX), CBS (CBS) and others about a deal that could be worth more than $20 billion.

%VIRTUAL-article-sponsoredlinks%Companies owned by the billionaire John Malone are reportedly interesting in buying a 49 percent in Formula One. Bloomberg says the deal could value the auto racing series at more than $8 billion.

Here on Wall Street on Thursday, the Dow Jones industrial average (^DJI) fell 109 points -- its first back-to-back loss in nearly a month -- the Nasdaq composite (^IXIC) dropped 34 and the Standard & Poor's 500 index (^GPSC) lost 13 points.

S&P statisticians note that historically Friday, June 13 has been a pretty lucky day for investors. The S&P index has moved higher 10 out of 12 times, dating all the way back to 1930.

Finally, the Supreme Court on Thursday handed a setback to Coca-Cola (KO). It unanimously ruled that Pom Wonderful could proceed with a false advertising claim against Coke's Minute Maid unit for advertising one of its juices as pomegranate "flavored," even though it contained less than 1 percent pomegranate.

-Produced by Drew Trachtenberg.

The Best Deals on Father's Day Gifts
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Money Minute: CEO Elon Musk Opens Tesla's Patents to All
Most of the best tool deals we saw last June were for inexpensive hand tool sets, although we did see excellent prices on saws, storage and combo kits. And the best part is that most of these deals were store markdowns -- some as high as 70 percent off -- so there's no need to worry about whether you've missed a coupon that will yield a better price. Moreover, many items were available at a very affordable price of $10 or less, so you could theoretically put together a package of, say, a shovel, a wrench, a flashlight and a pruner for under $40. SearsHome DepotTrue ValueAmazon, and Ace Hardware all had exceptional offerings.
Electronics were by far the category with the most Editors' Choice deals last June; in fact, 25 percent of the deals in this arena were marked as superb, and they included speaker, headphones, phones and TVs. Bundles including store gift cards were often what made the deal sweet, so be sure to check out sellers like Dell and Newegg -- both known for including credits in their offerings -- if you're seeking a steal on a gadget for dad.
June is the biggest month of the barbecuing season when it comes to the number of grill deals. Last year, we saw 75 deals related to grills in June. That's second only to May, when we saw 76. Unfortunately, June isn't the best month to get the lowest price (that comes later in the season), but there are still plenty of discounts, so you definitely shouldn't be paying retail. In fact, we saw deals that slashed up to 50 percent off around this time last year. So while some of the Editor's Choice level deals were on accessories -- such as grill pans and recipe books -- there should be no shortage of options if you're looking to pick up a grill for dad's special day.
Last June, we saw more than 100 deals related to the sports and fitness category, with Editors' Choice prices on everything from sports equipment to apparel and decor. Camping equipment, athletic shoes, and exercise accoutrements were some of the most frequently discounted items, making them good Father's Day gifts to seek out. Whether dad likes playing outdoors, getting fit in the comfort of his air conditioned home, or looking at a giant photo of his favorite quarterback on his office wall, you should be able to get a deal on something right up his alley. This sport and fitness guides has more gift ideas.)
A tie may be the stereotypical lazy/unwanted Father's Day gift, but there's something to be said for keeping dad in fashion. And with more than 1,700 clothing and accessory deals listed last June, odds are that you'll be able to find something that suits dad's fancy. We saw all-time low prices on shoes, jackets, sunglasses and pants, as well as strong general sales from merchants as varied as adidasPumaMacy'sAllen EdmondsExpress and American Eagle. Year-round items like activewear made up a big chunk of the Editors' Choice deals, but some were decidedly non-summery, like dress pants. With discounts as high as 92 percent off, though, there's no reason to limit yourself to seasonal buys.
So what'll it be? A drill? A sports coat? An upgraded tablet? Whatever you choose, dad will probably love it. And now that you know what to look for, you can be proud of your deal-hunting skills.
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