Nikola Motors has dropped its $ 2 billion lawsuit against Tesla
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Nikola Tesla must have been delighted that all of his names were employed by the electronics industry, but perhaps less so Nikola sued Tesla, and vice versa. Now, Nikola Corp. is said to have dropped its $ 2 billion patent lawsuit against Tesla Inc. when Nikola company founder Trevor Milton faces criminal charges, Bloomberg they say.
According to a San Francisco court order, both companies have agreed to drop all claims and arguments. Nikola accused Tesla of copying a number of designs with standard design, fuselage and lateral design. Tesla denied all allegations and denied the allegations.
Nikola unveiled the hydrogen-powered Nikola One car in 2016 with a promise of 800-1,200 miles without pollution. However, he was accused by the SEC of cheating investors, one time through a video that appeared to show the car moving under power when it was empty. rolling down a hill. Trevor Milton chief executive officer was later charged with two counts of fraud and one count of fraud by a high court. They denied the allegations.
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