“Reconciled. Tesla and Rivian reach agreement after four years of litigation November 25, 12:30 Share: Rivian plans to produce 150,000 cars in 2023 (Photo: MIKE BLAKE / Reuters) Author: Anastasiya Pechenyuk Tesla has for years accused Rivian of luring employees to steal trade secrets . But now Elon Musk’s company is waiting for the court case to be closed. Tesla said it has reached a “conditional” agreement with Rivian Automotive Inc.”, — write on: ua.news
Rivian plans to produce 150,000 cars in 2023 (Photo: MIKE BLAKE / Reuters)
Tesla has accused Rivian of tricking employees into stealing trade secrets for years. But now Elon Musk’s company is waiting for the court case to be closed.
Tesla said it had achieved “conditional” agreement with Rivian Automotive Inc. The company did not disclose details of the deal in court documents, but said it expects to close the case by Dec. 24 after satisfying the terms, Bloomberg writes.
The dispute began more than four years ago, when Elon Musk’s company accused Rivian of luring its employees and stealing trade secrets. Tesla later revealed that some workers were caught red-handed when they misappropriated the core technology for the next-generation batteries. Rivian has denied the allegations and criticized the lawsuit as an attempt by Tesla to stifle competition in the electric car market.
Rivian and a group of Tesla employees sought to have the lawsuit dismissed, but lost.
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