"Tesla Employees Allegedly Stole Battery Secrets to Launch Rival Company"

1 min read
Source: The Associated Press
"Tesla Employees Allegedly Stole Battery Secrets to Launch Rival Company"
Photo: The Associated Press
TL;DR Summary

Two men are accused of stealing battery manufacturing technology from Tesla and starting a business in China to sell the proprietary information. Klaus Pflugbeil, a Canadian citizen, was arrested on Long Island, while Yilong Shao remains at large. They are charged with conspiracy to transmit trade secrets, which carries up to 10 years in prison if convicted. The technology involves high-speed battery assembly lines owned by Tesla, and the defendants are accused of setting up a company in China and selling products developed with the stolen trade secrets.

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