Stock market quotes, forex, financial news, forex tools –

Tesla is suing former employees

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
Tesla is suing former employees
March 21
09:00 2019

The manufacturer of electric cars Tesla has sued four former employees because they disclosed private data to the startup Zoox, a leading developer of self-driving machines.

The lawsuit states that they were the employees of the department of warehouse management and sorting. When they quit, they took the important information about the technologies, which enabled the competitor to save several years while creating their own management and logistics model.

The prosecutor claims that the employees sent the information to their personal mails, violating the labor agreement.

The Zoox startup was founded in 2014. It got $ 500 million and was estimated at $ 3.2 billion. The company employs 700 people. It develops software for autonomous and electric vehicles, which serve as urban automatic taxi. Zoox is under the protection of a powerful Intel company.

During today’s trading session, Tesla shares have slipped 1.4%. In a year, the value of the company has decreased by almost 20% and is now estimated at $ 46 billion.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment