The ex Tesla Motors CEO, Martin Eberhard dropped the lawsuit against Elon Musk - present CEO and Tesla. The suit was initiated in California Superior Court, on May 26 claiming owed wages and defamation.
Business Journal reports Eberhard dropped the suit formally on 7th of August, right after the case was ruled active. Tesla requested previously that this case be dismissed. Eberhard was looking for damages for libel, slander and contract breach.
Neither Tesla nor Eberhard commented on these new proceedings, but it's believed strongly that the 2 sides reached an outside court settlement.
The dropped case news is a positive sign for Tesla and the EV maker's future. Tesla had profitability finally earlier current month and just announced a brand new global headquarters and R&D center in California, in Palo Alto.
|Judge denying the request of Eberhard to be declared a Tesla Motors founder|
|Tesla founder has resigned from CEO position|
|Tesla will introduce an autonomous car by 2016|
|Tesla and Toyota team up to build electric cars|
|Tesla to announce where the Model S will be built|
|Tesla profitable by upcoming month, CEO affirms|
|Tesla repays the loan received from the government|
|Tesla Motors is again profitable|
|Jon Sobel gets hired by Tesla Motors|
|Tesla Model S got 520 orders just in the first week|
|Tesla Roadster Sport|
|Tesla Model S by T Sportline|
|Tesla Model S by Larte Design|
|Tesla Roadster Upgraded|
|Tesla Model S with R-Zentric Aerokit by RevoZport|
|Tesla Roadster 2007|
|Tesla Model S|
|Latest||Cars & News|
|2018 Buick Enclave review|
|2017 Ford F-250 XLT Super Duty review|
|2015 Audi A8 L Chauffeur review|
|2015 McLaren P1 by MSO review|
|2015 Mercedes-Benz S63 AMG Coupe review|
|2020 Porsche Macan GTS comes to fill Macan S and Macan Turbo range|
|Suzuki Jimny is set to get competition from Jeep|
|Toyota Highlander will be available in petrol only or hybrid powertrain|
|Skoda Rapid facelift was unveiled in Russia|
|McLaren 620R is the limited edition street version of the 570S GT4|