Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft
Weekend news: The total amount of usa national debt exceeds 36 trillion dollars. Anthropic receives another 4 billion dollar investment from amazon. Tesla and Rivian reach a conditional settlement.
For more global financial news, please visit 24/7 real-time financial news. Market review last week: The Dow rose over 400 points to a new high, with all three major stock indexes recording gains for the week. On November 22, the top 20 US stock turnover includes reports that Tesla is preparing for the Cybertruck to enter the Chinese market. Popular China concept stocks had mixed performance on Friday, with Wanxiang Reburn increasing by 9.2% and pdd holdings falling by 3.9%. US WTI crude oil rose 6.5% this week, escalating tensions between Russia and Ukraine driving up oil prices. Spot gold rose 5.7% in five days, regaining the $2,700 level. European stocks collectively closed higher, with the German DAX 30 index rising by 0.8%.
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Tesla (TSLA.US) and Rivian (RIVN.US) have reached a "conditional" settlement regarding the lawsuit over technology theft.
Tesla (TSLA.US) stated that the company has reached a "conditional" settlement in the lawsuit regarding the accusations that Rivian Automotive (RIVN.US) poached employees and stole electric vehicle trade secrets from 2020.
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Rivian Automotive, Inc. (RIVN): A Bull Case Theory
