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In a surprising move, Tesla Inc (NASDAQ:TSLA) said its truck design is stolen by Nikola Corporation (NASDAQ:NKLA) from Adriano Mudri, the designer of Rimac.

Nikola accuses Tesla of infringing its patents

Nikola previously said the electric truck design of Tesla infringed its prevailing patents. The company obtained three patents for the design of Nikola One Truck introduced in 2016. Nikola introduced One Truck one year before the launch of Tesla electric truck. The company seeks damages of $2 billion for infringing its patents from Tesla.

Tesla refuted the claim of Nikola. The company said it can show the proof that no patents are infringed. It even said the patents obtained by Nikola are invalid because the company failed to reveal that Adriano designed Nikola One truck’s features.

Tesla responds to the Nikola’s claim that Adriano designs the hydrogen-powered road runner concept truck. It says Trevor Milton held a meeting with Adriano during 2014 and 2015. Trevor knew that Tesla Road Runner Truck has features like the wrap-around windshield similar to Nikola One Truck.

Trevor acquires the original design

Trevor acquired the original design for the flagship truck of Nikola from a Croatia based designer. It is contradictory to Trevor’s claims in the 2018 lawsuit that he has drawn the vehicle images in his basement.

Nikola is at the center of controversy by claiming $2 billion from Tesla for infringing its truck design. The company says it started working on the truck’s design in 2013 whereas the staff at other companies started working much later.

In rebutting the lawsuit last week, Tesla said Nikola’s truck designs are not originated within its inhouse and cannot protect them. It further said the designs are originated from a Croatia based designer – Adriano. According to two people familiar with the matter said, Nikola’s founder acquired the design in 2015 when he met Adriano.

Tesla plans to manufacture a self-driving car at $25,000

Tesla is planning to manufacture a cheaper self-driving car and put everyone behind the wheel. However, it has not provided many details of the design during a three-hour presentation. The company said untapped significant lithium reserves are available in Nevada clay. Tesla already obtained rights to the 10,000 acres of land in the Silver State.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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