After a four-year legal battle, Tesla and Rivian have reached a conditional settlement, resolving accusations of employee poaching and trade secret theft.
 |
| Tesla and Rivian, two electric vehicle giants, are on the verge of settling a long-standing lawsuit over alleged trade secret theft. Image: Rivian |
Austin, Texas, USA - November 24, 2024:
Tesla and Rivian, two prominent electric vehicle manufacturers, appear to be on the brink of resolving a long-standing legal dispute. After four years of legal battles, the companies have reached a "conditional" settlement, according to Bloomberg. Tesla aims to have the lawsuit dismissed by December 24th.
The lawsuit, filed by Tesla in 2020, accused Rivian of actively recruiting Tesla employees and encouraging them to steal confidential information. Tesla claimed to have caught three employees red-handed, attempting to take sensitive information as they transitioned to Rivian.
Rivian has vehemently denied these allegations, labeling them as "baseless." The company even filed a motion to dismiss the lawsuit, which was initially rejected by a California judge. A trial was scheduled for 2025, but the recent settlement agreement suggests that the case may be concluded sooner.
While the specific terms of the settlement have not been disclosed, this development marks a significant step towards resolving the legal conflict between the two electric vehicle rivals. It remains to be seen how this settlement will impact the ongoing competition and future collaborations in the electric vehicle industry.