Tesla and Rivian Near Settlement in Trade Secret Dispute Over Employee Hires

Tesla has announced its intention to settle a lawsuit in which it accused electric vehicle competitor Rivian Automotive of unlawfully acquiring trade secrets. The suit, filed in a California state court, centered on allegations that Rivian poached Tesla employees who brought proprietary information with them to aid in Rivian’s development of an electric truck. The two companies have reportedly moved toward resolving the dispute, potentially bringing an end to the legal proceedings. For more detailed information, visit the Law360 article.