Elon Musk And Martin Eberhard Drop The Lawsuit
Elon Musk and Martin Eberhard are both co-founders of Tesla Motors. About five to six years after starting the company, the two had a falling out. Eberhard accused Tesla Motors CEO Elon Musk and the company of slander, mismanagement, and for delivering a damaged Roadster vehicle. Eberhard left the company in 2007 and it was rumored that Musk forced him out. However Eberhard was promised a first edition $109,000 Roadster, but it was delivered with a dent.
The media even reported that Musk accused Eberhard of Tesla’s financial problems which led to delayed products. Eberhard filed a lawsuit against Tesla for costs and damages as a result. Now it sounds like Musk and Eberhard wants what is best for the company. The lawsuit has been dropped and the company can now focus stronger on product development and delivery.
Financial settlements were undisclosed, but it is safe to assume that the company was hardly affected. Tesla Motors has a fat wallet after receiving a major investment by Daimler and the government.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry