Nikola Motor Company Sues Tesla Just Ahead Of Earnings Report

Nikola One presentation

There's something ironic about learning that Nikola is suing Tesla, two companies both meant to honor maverick inventor Nikola Tesla, but the Salt Lake City-based Nikola Motor Co. has filed a suit against Silicon Valley rival claiming Tesla has infringed on its design patents.

"Tesla has never claimed that its design was unique", Nikola alleges.

Here's what Nikola's truck design, which it says it unveiled in May 2016, looks like compared to Tesla's.

"Tesla's infringement has harmed Nikola's ability to attract investors and partners because investors can now partner with Tesla to have an alternative fuel semi-truck". Nikola has demanded $2 billion in return from Tesla for the damages caused by company.

More news: National Hockey League will not suspend Capitals forward Tom Wilson for Game 2 hit

In November 2017, Elon Musk's company announced its new product, the Tesla Semi, an electric semi-trailer truck which the company intends to begin manufacturing in 2019.

For now, Tesla is shrugging off the lawsuit, with a spokesperson telling the Verge that "it's patently obvious there is no merit to this lawsuit".

Nikola's complaint specifically cited its wrap-around windshield, mid-cab door design, fuselage and fenders, as well as side cladding and the overall design of the truck.

Nikola claims in its complaint that it has pre-sold about 7,000 trucks and that "total reservations are now worth more than $6.3 billion in revenue".

More news: Gas prices set four-year record in April

Almost three months after publishing its design, Nikola says Tesla CEO Elon Musk revealed his company was in the early stages of developing its own all-electric semi.

Nikola filed a series of design patents with the US Patent and Trademark Office in December 2015 covering an electric heavy-duty truck. Nikola alleges Tesla copied the design and even advertised the view drivers had from its vehicle.

"This corresponded to a jump of roughly $2 billion in Tesla's market value", the complaint states. For example, Tesla has had problems with its batteries starting fires and its autonomous features causing fatal accidents.

Too similar? The Nikola One (left) and the Tesla. The facility where it will manufacture the trucks does not yet exist, and apparently, neither does the money for it. Nikola has previously said that it would build 360 hydrogen fueling stations in the US.

More news: Vancouver Canucks will pick seventh in 2018 NHL Draft

Nikola's attorneys did not immediately respond to a request for comment; and a spokesperson for the company declined to comment.

Related:

  • Cavaliers edge Pacers to Game 7 win

    Cavaliers edge Pacers to Game 7 win

    For comparison's sake, when Kyrie Irving and Kevin Love were out in the 2015 Finals, James' usage rate was 39.3 percent. Back in the locker room, Cavaliers doctors wanted to administer an IV, James said, and he refused the treatment.
    Liverpool insider sheds light on 'extraordinary' Buvac exit

    Liverpool insider sheds light on 'extraordinary' Buvac exit

    In October, head physio Andy Renshaw was sacked, with a shake-up of the club's medical department expected in the summer. On a more positive note, striker Roberto Firmino has signed a new "long-term contract" with Liverpool .
    House Chaplain Says Ryan Forced Him Out

    House Chaplain Says Ryan Forced Him Out

    There are also reports that some lawmakers were dissatisfied with his service, but no one has stepped forward to criticize Conroy. Strong tried to deflect charges that religious and political disagreements were behind Ryan's request for Conroy's resignation.
  • Sami Zayn Held Out of Greatest Royal Rumble to 'Respect Saudi Culture'

    Sami Zayn Held Out of Greatest Royal Rumble to 'Respect Saudi Culture'

    If he keeps that level of performance up the question is how long do the WWE wait to put him back in the main event scene. They apologized on a Twitter post for 'the scenes of indecent women that featured in an ad before one of the matches'.
    Chicago Bears: Reaction to the Roquan Smith pick

    Chicago Bears: Reaction to the Roquan Smith pick

    Smith can occasionally get engulfed by linemen, and he may need to improve his hand use to become more effective taking on blocks. This is a stark differnce from the 2017 NFL Draft, when Isaiah McKenzie was the only Georgia taken at all during the NFL draft.
    Old foes Mourinho and Wenger face one final head-to-head

    Old foes Mourinho and Wenger face one final head-to-head

    When asked if there was any possibility of De Gea not being at United next season, Mourinho said: " No chance ". Manchester United boss Jose Mourinho has shut down talk of losing David de Gea to Real Madrid this summer.
  • WOW air recruiting for two global travel guides

    WOW air recruiting for two global travel guides

    The lucky victor will be announced on May 18th and your travel mission will begin on June 1st and end on August 15th. The airline says that it is looking for full of life, fun loving pair of individuals who could think big.
    Ford drafts cost-cutting plan, halts sedan sales in North America

    Ford drafts cost-cutting plan, halts sedan sales in North America

    The Asia Pacific region will probably lose money in the second quarter before returning to profit in the back half of the year. This range falls into several segments: from compact to medium Focus , Fiesta , C-Max and Fusion to full-size Taurus.
    Browns make early splash at NFL Draft with Baker Mayfield selection

    Browns make early splash at NFL Draft with Baker Mayfield selection

    Best bit of production: ESPN's little animation showing the Browns going through 28 starting quarterbacks since 1999 was a hoot. Throughout the draft process, the Browns said they felt Mayfield had admitted to his mistakes and they were behind him.
  • Trump Administration Official Blames China's 'Evil Practices' for Trade War With US

    Trump Administration Official Blames China's 'Evil Practices' for Trade War With US

    The U.S. and China could "spend the next year developing how we deal with each other over a period of time", Lighthizer said . Washington's moves, perceived by Beijing as a way to contain China's strategic ambitions in hi-tech, have not gone unnoticed.
    Under Armour's (UA)

    Under Armour's (UA) "Outperform" Rating Set at FBR & Co

    Following the completion of the sale, the executive now owns 25,840 shares of the company's stock, valued at $1,119,905.60. UAA's SI was 67.66M shares in April as released by FINRA. (NYSE: UAA ) on Tuesday, November 7 to "Neutral" rating.
    Real Madrid vs. Bayern Munich: Champions League highlights and recap

    Real Madrid vs. Bayern Munich: Champions League highlights and recap

    Bayern have been hit by injuries to key players with Arturo Vidal , Arjen Robben and Jerome Boetang all missing for the game. Bayern, a five-time European champion, is looking to return to the final after four seasons. "Lewy has my complete support".

Comments

Latest news

Amazon offers to buy 60% of Flipkart for $2 billion
Amazon is also reportedly seeking a non-compete agreement with Flipkart's founders of somewhere between one and two years. The offer could complicate matters for Walmart , which has also been trying to buy a majority stake in the company.

President Trump to "Get involved" in Russian Federation investigation
Others, including members of Trump's legal team, said the Nixon case refers to document production, not physical testimony. Some touch on Russian meddling in the USA election and whether the Trump campaign coordinated in any way with the Kremlin.

Baker Mayfield's agent claims Patriots were willing to trade up to No
Jackson did allow for the possibility of Mayfield to push the issue by the time the regular season starts. The most important position on the field should be given the most care and patience.

White House pushes back against reports that Kelly called Trump an 'idiot'
Fake News is going "bonkers!" Officials: Kelly uses an "undisciplined and indiscreet approach" in handling White House staffers. The story cites three White House spokespeople, however, who say that they don't believe the comment was made.

Rahul vs Modi: 15-minute debate challenge
Last month, the Congress President had asked the Prime Minister for one-on-one debate for 15 minutes in the parliament. He also said by raking up Dalit issue from time to time the Congress has only tried to divide the nation.

The Oculus Go Standalone VR Headset Goes On Sale for $199
However, as of Tuesday morning, the $ 199 Oculus Go appeared to have already sold out as the Amazon listed it as now unavailable. There is also a companion app in the Play Store or app store (for iOS users) for downloading games and apps for the headset.

Huge explosions reported at Iranian base in northern Syria
The second very salient point - not only attacked in no hurry to take responsibility, but also attacked in no hurry to lay blame. Moreover, Iran would be fighting far from its territory, in an area where Israel has shown it controls the skies.

Steph Curry to return for Game 2 against Pelicans
Curry practiced on Monday and barring a setback he should be ready to go vs. the Pelicans in Game 2. Curry participated in a lengthy scrimmage on Sunday and had no issues during Monday's practice.

Ronny Jackson Will Not Return as Trump's Physician
Over footage of Dede chatting with Tester, he says, " Jon Tester's work in Washington helped me get my life back". Ronny Jackson has withdrawn are: Ascension President and CEO Anthony Tersigni, Cleveland Clinic CEO Dr.

Kahn Brothers Group INC Increased Glaxosmithkline (GSK) Stake as Shares Rose
It worsened, as 26 investors sold FLIR shares while 135 reduced holdings. 66 funds opened positions while 104 raised stakes. Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.06% invested in PPG Industries, Inc. (NASDAQ:FLIR) for 708,447 shares.

Sell-off in industrial, tech stocks sends Dow down for 5th straight day
It wouldn't be a morning without checking in on the 10-year yield Treasury yield, which has dipped below 3% this morning to 2.99%. According to Kensho, an analytics company, Caterpillar's stock has had a 0.81 correlation with the Dow over the last six months.

White House physician drops out as nominee to lead VA
The VA issued a statement late Wednesday that it would push to have Congress move on an expansion of Choice next month. Tester spokeswoman Marnee Banks said the office would not comment until it knew more about the White House records.

Jose Mourinho Regrets His Past Rows with Arsene Wenger
Dave: If ever there was a match which showed the results of Arsenal's gradual decline over the last few years, that was it. Let's hope the two teams serve up a game worthy of Wenger's legacy at Old Trafford on Sunday.

Atletico Madrid Suffer Huge Injury Blow Ahead Of Arsenal Clash
Juanfran was substituted in the 65th minute of Atletico's 0-0 home draw with Real Betis in La Liga on Sunday. Costa scored four goals in six previous appearances against Arsenal in three years at Chelsea .

United States economy slows in first quarter as consumer spending brakes sharply
First-time claims for unemployment insurance fell to 209,000 in the week through April 21, the lowest level since 1969. They expect a bounce back in the coming months, and preliminary estimates point to 3.6% growth in the second quarter.

Other news