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Tesla Daily: Tesla News & Analysis

Tesla Files Lawsuit Against Former Employee (06.22.18)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 22 June 2018

⏱️ 11 minutes

🧾️ Download transcript

Summary

– Tesla has filed a civil lawsuit in Nevada federal court against former employee Martin Tripp, who claims whistleblower status

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Executive producer Jerome Jorden
Executive producer Rob Gill
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock

The post Tesla Files Lawsuit Against Former Employee (06.22.18) appeared first on TechCast Daily.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the Friday June 22nd 2018 edition of Tesla Daily Unofficial

0:11.7

Tesla Podcast. My name is Rob

0:13.4

Maower today we are talking about the lawsuit filed by Tesla against former

0:16.8

employee Martin Tripp. My apologies for missing Thursday's episode I had

0:20.6

some technical difficulties that prevented me from recording but I think that's all smoothed out now.

0:24.7

Tesla stock on Thursday closed down 4.06% to $347.51 cents this compared to the

0:31.6

NASDAQ down 0.88% and the Dow down 0.8%. Not that it helps a whole lot right now at

0:37.3

347, but I think that the sentiment has kind of shifted towards more negative for Tesla, or at least more neutral.

0:44.0

I think we're probably through the days of the 3 to 4% run-ups every day,

0:47.9

for the time being at least.

0:49.2

We've only got about 11 or 12 days left

0:51.7

until we get Q2 delivery and production information from Tesla.

0:55.3

So we're in kind of a time period of uncertainty.

0:58.0

Uncertainty presents risk and it also presents an opportunity to play up or heighten that risk to move the stock price lower.

1:06.6

That's enough about the stock price though because we have a lot to get to with the lawsuit,

1:10.3

the civil suit that Tesla has filed against former employee Martin Tripp.

1:13.4

First I just want to cover the facts of what we know so far.

1:16.5

On Wednesday, Tesla filed a civil suit in Nevada against Martin Tripp and I will read the

1:21.7

key points in the court filing.

1:24.0

Quote, this suit arises from the misconduct of Martin Tripp,

1:27.6

a former employee of Tesla Inc.

1:29.5

who unlawfully hacked the company's

...

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