Feeds

Elon Musk, Eberhard 'resolve' Tesla Motors wrangle

Pledge eternal chumship through gritted teeth

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Elon Musk's LEAKY THRUSTER gas stalls Space Station supply run
Helium seeps from Falcon 9 first stage, delays new legs for NASA robonaut
Solar-powered aircraft unveiled for round-the-world flight
It's going to be a slow and sleepy flight for the pilots
Russian deputy PM: 'We are coming to the Moon FOREVER'
Plans to annex Earth's satellite with permanent base by 2030
KILLER SPONGES menacing California coastline
Surfers are safe, crustaceans less so
LOHAN's Punch and Judy show relaunches Thursday
Weather looking good for second pop at test flights
New FEMTO-MOON sighted BIRTHING from Saturn's RING
Icy 'Peggy' looks to be leaving the outer rings
Discovery time for 200m WONDER MATERIALS shaved from 4 MILLENNIA... to 4 years
Alloy, Alloy: Boffins in speed-classification breakthrough
Curiosity finds not-very-Australian-shaped rock on Mars
File under 'messianic pastries' and move on, people
Top Secret US payload launched into space successfully
Clandestine NRO spacecraft sets off on its unknown mission
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.