Feeds

Elon Musk, Eberhard 'resolve' Tesla Motors wrangle

Pledge eternal chumship through gritted teeth

5 things you didn’t know about cloud backup

Famous electrocar firm Tesla Motors - known as maker of the Roadster battery supercar and as one of PayPal hecamillionaire Elon Musk's pet projects - has announced that the dispute between it and co-founder Martin Eberhard "is resolved".

Eberhard had mounted a Californian lawsuit against the firm and against Musk personally in June, alleging that interference by Musk had almost wrecked Tesla Motors during the period when Eberhard was CEO - and that after Eberhard's ousting Musk had slanderously tried to shift the blame. Furthermore, according to Eberhard, his long-promised personal Roadster had been supplied "wrecked".

Following the suit, Musk - perhaps unwisely from a legal point of view - responded with a number of stinging comments on a company blog. He wrote:

Eberhard has simultaneously implied that I had nothing to do with the creation of the Roadster and that I micromanaged the design and thus caused the cost overruns. Obviously, those claims are mutually exclusive...

There were several smaller items I suggested, such as the touchpad door latch that Eberhard tries to use as an excuse for why it cost over $140M to bring the Roadster to market instead of the $25M that he estimated in the 2004 business plan. That would have to be one hell of door latch!

Musk stated that after Eberhard was fired by unanimous decision of the company board, "almost every major system on the car, including the body, HVAC, motor, power electronics, transmission and battery pack, had to be redesigned, retooled or switched to a new supplier," in order to allow Tesla to turn a profit on the $100k car.

Tesla representatives also stated that Eberhard's suit was "twisted and wrong" and that the firm would "likely be filing counterclaims and in the process present an accurate account of the company's history."

Last month, however, Eberhard told his lawyers to drop the suit and neither side in the dispute said anything further. Tesla and Musk, rather than crowing over their apparent victory, remained silent - leading to speculation that they had been forced to reach a financial settlement with Eberhard, or anyway give him a new Roadster.

Today the firm has finally issued a statement on the matter, saying that the argument is "resolved" and including quotes.

"As a co-founder of the company, Elon's contributions to Tesla have been extraordinary," Eberhard now says.

"Industry-changing efforts are virtually impossible. Without Martin's indispensable efforts, Tesla Motors would not be here today," comments Musk.

"The terms are confidential, and we are not disclosing details... again keep in mind I am not going to discuss details", adds a company spokesperson.

However one does note that the vitriolic blog post by Musk has now been taken down from the company website. It can still be viewed for a while, though, courtesy of the Google cache.

You also have to say that today's quotes aren't such as to suggest that the enmity between Musk and Eberhard is actually over. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Boffins attempt to prove the UNIVERSE IS JUST A HOLOGRAM
Is this the real life? Is this just fantasy?
Our LOHAN spaceplane ballocket Kickstarter climbs through £8000
Through 25 per cent but more is needed: Get your UNIQUE rewards!
Software bug caught Galileo sats in landslide, no escape from reality
Life had just begun, code error means Russia's gone and thrown it all away
LOHAN tunes into ultra long range radio
And verily, Vultures shall speak status unto distant receivers
SpaceX prototype rocket EXPLODES over Texas. 'Tricky' biz, says Elon Musk
No injuries or near injuries. Flight stayed in designated area
Galileo, Galileo! Galileo, Galileo! Galileo fit to go. Magnifico
I'm just a poor boy, nobody loves me. But at least I can find my way with ESA GPS by 2017
EOS, Lockheed to track space junk from Oz
WA facility gets laser-eyes out of the fog
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.