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EV Daily | Tesla and Rivian Reach Conditional Settlement in Trade Secrets Lawsuit

Market BriefMonday, Nov 25, 2024 7:00 am ET
1min read
【Tesla】

Tesla has been involved in a lawsuit against Rivian since 2020, accusing the latter of stealing trade secrets by hiring former Tesla employees who allegedly took sensitive documents. Rivian denied these allegations. Initially, it was unclear what specific trade secrets were involved, but Tesla later claimed that Rivian was targeting core technology for next-generation batteries, potentially the 4680 battery cells. After years of legal proceedings, Tesla recently notified the court of a conditional settlement agreement with Rivian, expecting to dismiss the case by the end of the year after fulfilling the terms. The details of the agreement remain undisclosed.
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WSB Fan
11/25
$RIVN just got dismissed from a lawsuit, and they're expanding their EV credit at the state level. Plus, they reported a gross profit in Q4, more Amazon vans are on the way, and new partnerships are being formed. Good luck to all the bears out there! 😜😜😜
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tempestlight
11/25
$RIVN Curious about the sudden surge? Check out this link: https://www.latimes.com/environment/story/2024-11-25/if-trump-kills-federal-ev-rebate-newsom-says-california-will-take-care-of-you
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Versace__01
11/25
$RIVN on its way back to $9, folks
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BURBEYP
11/25
$RIVN @Malexiam @Nepal_ I hope you both enjoy this upswing. It's great to see $RIVN return to Nov14 levels.
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Longjumping_Rip_1475
11/25
$RIVN Where the hell is Hans?
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Traglc
11/25
I'm shorting 25k $RIVN. This feels like a classic pump and dump scheme.
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BloodForThCursedIdol
11/25
$RIVN This stock has been undervalued and oversold for quite some time now, and a few of us have been capitalizing on this by increasing our holdings. :)
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Witty-Performance-23
11/25
$RIVN I purchased 25 11C shares for the end of the week. Expecting to see mid-11s today.
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Versace__01
11/25
$RIVN $21 is on its way!!!
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LarryFromNYC
11/25
$RIVN on its way to $15
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kenton143
11/25
$RIVN Time to see some action in Rivian stock again, maybe a little pop? 🤗
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fgd12350
11/25
$RIVN on the verge of bankruptcy.
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CaseEnvironmental824
11/25
$RIVN, the truth will set you free. It's time to be free, my little Rivian!!!
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Solidplum101
11/25
$RIVN is likely to go bankrupt in the near future.
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JimmyCheess
11/25
$RIVN https://www.bizjournals.com/phoenix/news/2024/11/25/rivian-and-lg-energy-solution-batteries-in-arizona.html
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