Tesla Faces Legal Setback Against Matthews in $1 Billion Battery Technology Dispute

#Technology#Battery Technology#Matthews International#Tesla#4680 Battery Technology#Tsla#Business

1062+ Words Refined into 4 Facts by AI • 2 sources • 8h ago

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Tesla's lawsuit against Matthews was dismissed by a U.S. District Court judge.
Tesla accused Matthews of breaching a confidentiality agreement and stealing trade secrets.
Matthews called Tesla's claims “meritless” and a “bullying tactic.”
Matthews has a history dating back to 1850, evolving into industrial technology.

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Related Update: 4 hours later

Court Denies Tesla's Request in Battery Dispute

804+ Words Refined into 6 Facts by AI • 1 source • 4h ago

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Judge Edward Davila denied Tesla's request for a temporary restraining order
Trade secrets could lead to damages exceeding $1 billion
Matthews claims their technology predates Tesla's innovations
Dry battery electrode technology is crucial for Tesla's 4680 cells
Tesla plans to mass-produce 4680 cells by 2024
New versions of 4680 cells expected to be unveiled by 2026

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