Tesla Sues Matthews Over EV Battery Trade SecretsTesla ( NASDAQ:TSLA ) has taken legal action against its former supplier, Matthews International, in a California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with Tesla's ( NASDAQ:TSLA ) competitors. The lawsuit, filed in the U.S. District Court for the Northern District of California, claims that Matthews owes damages exceeding $1 billion for misusing Tesla's trade secrets concerning dry electrode battery manufacturing technology.
Matthews, a Pittsburgh-based company that started supplying manufacturing machinery to Tesla ( NASDAQ:TSLA ) in 2019, allegedly shared Tesla's innovations related to dry-electrode coating with unnamed competitors. This technology is crucial for reducing the size, cost, energy consumption, and production cycle time of battery manufacturing plants, while enhancing the energy density and power of battery cells.
According to the lawsuit, Matthews not only shared Tesla's trade secrets but also claimed Tesla's inventions as its own in patent filings, revealing confidential Tesla information. Tesla is seeking the court's intervention to prevent Matthews from further misusing its trade secrets, compel Matthews to surrender its patent applications, and claim monetary damages.
As of now, representatives from Matthews and attorneys and spokespeople from Tesla ( NASDAQ:TSLA ) have not responded to requests for comments on this matter.
Technical Outlook
Tesla Inc. (TSLA) stock is up 4.48% in Monday's market trading with a Relative Strength Index (RSI) of 58.34 which is poised for further gains and if Tesla Inc. should win the case against Matthews we should expect price impact.
Matthew
ZRXUSD. Trend Analysis
The trend is bearish. The target for the triangle on the chart. Also this is the place of the volume profile, so from there you can try to go to long for a small part of the Deposit. We also slide in the channel of the downtrend. Its breakout can be used to identify early trend change to bullish. We also have an important variable. This is a bullish divergence of the higher order and strong oversold. So be careful with short positions. Also on trading strategy on the channel. You can enter the long against the trend when you reach the lower limit. This is a strong dynamic support
EOS. Cloud Strategy Overview. Correction Part
Hey. Let's discuss the trend cloud. A week earlier in the paid signal group there was a signal on EOS Short. That the price is far away from both the equilibrium price and the cloud. Those who joined received 18%! Next was the reverse buy signal Intraday which gave it 17%. As you can see, the price found support in the cloud and bounced up. At the moment, there is a correction in the EOS, which means we can see another drop to the cloud. From there, I suggest you buy it. Also, I have my own paid signal group, so if you want to join, please contact me. Put likes and subscribe, so you will give me motivation and fight with my laziness. All the best
Bitcoin's Market Overview
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Bitcoin's Market Overwiew. Flag Pattern?
Hello all my dear subscribers. I remind you that I have 2 spare account www.tradingview.com I ask you to subscribe there, new ideas will come out there. At the moment, the bitcoin price is trading in the channel, similar to the flag. The level for purchases is marked on the chart. More ideas wait in the other account. All the best. See you there
Bitcoin's Market Overview
Hi, everybody. Bitcoin slides along the correction. The probability that the correction is completed is small. Purchases will be made through triggers. Thanks to the policy, I can't give a link to my signal service. So those who wants to join write me in personal messages. There I will give personal materials, triggers and levels to enter positions. Good luck traders
Bitcoin's Correction Overview
Hi, everybody. A few days ago, I accurately predicted a correction in the bitcoin and other Alt market. We continue to review the grains. We formed a triangle in the descending channel with an exit to the wave C. we probably Have another wave of falling, so we hold our longs. A more accurate entry into the long and short will be published in the paid signal channel. Today will be the announcement. Have to wait working off the last 10 signal
Bitcoin's Market Overview. Signal Completed
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Signal #7. BTCUSD. Conservative Enter. Future position
Hi, everybody. I'd like to tell you about a change of plans. I'll make 10 signals so you can see how effective they are. Also, I apologize, I lost track of the publication of the idea. It is 7 signal. Also, although the previous signal was closed by stop loss due to aggressive entry, we are preparing for the shorts. I have also taken into account my shortcomings of signals in these ideas and will only give conservative input and input on certain triggers. This will reduce the amount of profit in the position, but will increase the profit in the sample, reducing the stop loss close. I would also like to sum up some signals here:
6 signals in total. Of these, 4 have almost reached the goal, 2 are closed by stop loss. Not a bad the combination of, but the quality of signals I of course same improve. Here also I want to tell separately and a signal on EOS. There was a fundamental factor, so I had to close the position before also giving you a signal to limit the losses, but unfortunately was busy. In General, we continue the heading signals in the test form. After the results of the 10 signal, I will draw conclusions
Signal #8. EOS. Short Signal
I'll make 7-8 signals. You will appreciate the quality of working them out. And if it suits you, as well as me. I already create a ready signal service with a paid subscription of$ 20 a month. Agree tempting?And also as I and spoke training some their strategies and intricacies of....... provided