On 17 Jun 2024, Reuters reported that Tesla has filed suit against former battery supplied Matthews International, alleging misuse of battery manufacture trade secrets that had been supplied to Matthews by Tesla. Specific allegations include selling products made with Tesla battery technology to competitors, and filing patents based on Tesla's technology. Tesla is claiming at least $1 billion USD in damages. Matthews denies all wrongdoing.
This market resolves Yes if Tesla wins in court, or receives in a settlement, at least two of the following:
$50,000,000 USD or equivalent
A court order forbidding Matthews using dry-electrode coating battery technology, or similar battery technology that Tesla claims they invented and shared with Matthews, without licensing it from Tesla
Transfer of patents/patent filings or other intellectual property related to the case from Matthews to Tesla on account of Tesla claiming ownership of the IP
Other outcomes widely described in the media as a victory for Tesla in the suit.
This market resolves No if the case is thrown out, the suit is dropped by Tesla without a settlement, ends in a settlement or court decision (even a nominal victory) not including at least two of the above, or is decided in Matthews' favor. A successful countersuit by Matthews does not guarantee a resolution of No; resolution of this market depends entirely on whether Tesla prevails on their claims.
This market resolves N/A if the suit ends in a settlement for undisclosed terms, and is not possible to determine whether the conditions are met. This market will remain open until the suit ends.
1,000
3.00