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.


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