The hydrogen-powered truck startup Nikola is dropping its $2 billion patent lawsuit against rival Tesla after accusing the Elon Musk-led company intentionally copied patented design features of its tractor trailers.
The patent lawsuit regarded the wrap-around U-shaped windshield, fuselage and side door.
According to a joint filing today in federal court in San Francisco (reviewed by Bloomberg), the companies have agreed to withdraw all claims and counter-claims against each other, three years after the initial process
Tesla denied stealing the designs and filed a counterclaim. However the lawsuit stalled last year after U.S prosecutors charged Nikola founder Trevor Milton with securities fraud, alleging he “misled investors about the company’s prospects” – which was denied by the CEO.