TSLA agrees to resolve a four-year-old trade secrets lawsuit with RIVN, provided that Rivian satisfies the settlement terms.

The lawsuit originally accused Rivian of actively encouraging former Tesla employees to steal confidential information

EV makers Tesla and Rivian are reportedly on the brink of settling a lawsuit in which Tesla accused Rivian of stealing its battery technology

The lawsuit between two U.S. electric automakers, Tesla and Rivian, is nearing an end. Tesla alleges that Rivian poached Tesla employees to steal company secrets that would give them "a huge competitive advantage.

Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets. Bloomberg reports that Tesla

Tesla Inc. said it’s reached a “conditional" settlement in its 2020 lawsuit accusing Rivian Automotive Inc. of poaching employees to steal electric-vehicle trade secrets.

Plus, Trump's energy plan sounds like bad news for the environment, and a Volkswagen boss says layoffs and plant closures are the only way to save the company.

Rivian (RIVN) stock surges after reports from Bloomberg said Tesla (TSLA) has reached a "conditional" settlement with its electric vehicle (EV) competitor. Tesla accused Rivian of poaching employees to access proprietary information about its EV tech.

Tesla and Rivian have been embroiled in a lawsuit in which the former accused the latter of having stolen battery technology by poaching Tesla employees. It sounds like the two automakers are finally about to settle the lawsuit, which has been going on for 4 years.