Tesla has sued its former supplier Matthews International in California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with the electric-vehicle giant's competitors. The lawsuit, filed on Friday in U.S. District Court for the Northern District of California, said Matthews owes damages that Tesla "conservatively estimates will exceed $1 billion" for misusing company trade secrets related to dry electrode battery manufacturing technology. Spokespeople for Matthews and attorneys and spokespeople for Tesla did not immediately respond to requests for comment on Monday.
Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk's record compensation, telling a Delaware judge that it "significantly impacts" her ruling voiding the pay, according to a letter made public on Monday. Tesla wrote to Chancellor Kathaleen McCormick that the parties in the pay package case should now lay out their legal interpretations of Thursday's ratification of Musk's pay, rather than moving ahead with the case on the prior schedule.
The Wall Street Journal reported Monday that Musk waited to disclose his Twitter stake until he owned more than 9%.