Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft

Quick Summary:

Tesla Inc.(NASDAQ:TSLA) and Rivian Automotive Inc.(NASDAQ:RIVN) are nearing a settlement in a lawsuit over alleged theft of battery technology.

Tesla has informed the court of a conditional settlement agreement with Rivian, with plans to file for dismissal by Dec.24, according to a Bloomberg report.The ...

The legal confrontation, which began in 2020, accused Rivian of recruiting Tesla employees to obtain confidential engineering data.

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Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets: United States

Topics: US88160R1014 News Markets Electric vehicles Benzinga Mobility Tech EVs Legal RIVN Benzinga neuro TSLA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 06:17:10 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23816221

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