Tesla, Rivian Agree to Settle Four-Year Trade Secrets Lawsuit

Tesla (TSLA) and Rivian (RIVN) have been involved in a legal battle for four years, wherein Tesla accused Rivian of stealing battery technology by hiring former Tesla employees. It now seems the two automakers are nearing a settlement. Per Bloomberg, Tesla informed a California state judge that it plans to seek dismissal of the case by Dec. 24, 2024, provided the settlement terms are satisfactorily met. However, the details of the agreement remain undisclosed.The lawsuit began in 2020 when Tesla alleged tha ...