After recently settling with the U.S. Securities and Exchange Commission and agreeing to pay 125 million over federal security law violations, Nikola. has dropped its 2 billion patent infringement lawsuit against Tesla. According to paperwork filed with a San Francisco court on Tuesday which were reviewed by Bloomberg, both companies agreed to withdraw all claims and counter claims against each other. This signals an end to the lawsuit first filed in 2018 over claims Tesla copied several of Nikola's patent designs in the Tesla Semi. Nikola accused Tesla of using the same mid-entry doors, aerodynamic fuselage and wraparound windshield on its Semi truck.

Source: Summarized from Darryn John at driveteslacanada.

My Take: I will be shocked and amazed if Nikola is still in business two years from now.

Re Posted From: Nikola drops 2 billion patent infringement lawsuit against Tesla.

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After recently settling with the U.S. Securities and Exchange Commission and agreeing to pay 125 million over federal security law violations, Nikola. has dropped its 2 billion patent infringement lawsuit against Tesla. According to paperwork filed with a San Francisco court on Tuesday which were reviewed by Bloomberg, both companies agreed to withdraw all claims and counter claims against each other. This signals an end to the lawsuit first filed in 2018 over claims Tesla copied several of Nikola's patent designs in the Tesla Semi. Nikola accused Tesla of using the same mid-entry doors, aerodynamic fuselage and wraparound windshield on its Semi truck.

Source: Summarized from Darryn John at driveteslacanada.

My Take: I will be shocked and amazed if Nikola is still in business two years from now.

Re Posted From: Nikola drops 2 billion patent infringement lawsuit against Tesla.

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