Tesla and Rivian have reportedly reached a conditional settlement in a trade secrets lawsuit.
Tesla initially accused Rivian of poaching employees and encouraging them to steal proprietary information. The lawsuit, filed in 2020, was scheduled for trial in March 2025. Similar startup competition often leads to such disputes.
Rivian denied the allegations, claiming the suit was an attempt to hinder its progress and intimidate Tesla employees. Startup funding and acquisitions can intensify competition.
Both companies are expected to file for dismissal by December 24, 2024. The EV industry faces various challenges, including legal battles.