Eberhard, Musk Settle Legal Dispute

Terms of the settlement between Eberhard and Tesla were not disclosed.

Published: 23-Sep-2009

DETROIT, Sept 21 (Reuters) - Electric car manufacturer Tesla Motors and a former executive have settled a legal dispute that stemmed from the company's early struggles to launch a battery-powered sports car, the company said on Monday.

Martin Eberhard, a Tesla founder and former chief executive, sued the company in May, accusing the current CEO, Elon Musk, of defaming him and orchestrating his ouster.

Musk made hundreds of millions of dollars as the co-founder of online payment service PayPal, which was sold to eBay Inc (EBAY.O) in 2002.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

TREV two-place electric car

Student-built vehicle can do 0-60 in 10 seconds with top speed of 75 mph. Photo courtesy of University of South Australia.

Dodge Zeo all-electric concept car debuted at 2008 Detroit Auto Show

While Chrysler is mum on the details, one dealer reported that Chrysler will be showing them plug-in electric cars. Pictured is Dodge Zeo electric concept car from 2008 Detroit Auto Show.

GEM Peapod concept electric car for neighborhood transportation

In addition to the introduction of a new design concept called the Peapod, GEM has been renamed GreenEcoMobility.

READER COMMENTS

blog comments powered by Disqus