Tesla loses battle to keep $1B battery tech under wraps
Briefly

A U.S. District Court ruled against Tesla's request to stop Matthews International Corporation from selling its dry battery electrode technology, crucial for Tesla's 4680 cells. Tesla claims Matthews stole trade secrets, seeking over $1 billion in damages. Judge Davila's denial was influenced by Matthews' assertion that its technology predates Tesla. Following the ruling, Tesla launched multiple lawsuits against Matthews, who believes the actions are a form of intimidation. Meanwhile, Tesla continues planing for the mass production of its 4680 cells, set for completion by 2026.
"It is Matthews' extensive research and development in this area that led to U.S. Patent No. 12,136,727-not Tesla's," argued Matthews.
Judge Davila's ruling was based on Matthews' claim that its dry battery electrode technology predates Tesla's existence.
Tesla is reportedly working on four variants of the dry cathode 4680 cells and expects to unveil the new versions by 2026.
Tesla conservatively estimates that damages owed by Matthews will exceed $1 billion.
Read at TESLARATI
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