EV makers Tesla and Rivian are reportedly on the brink of settling a lawsuit in which Tesla accused Rivian of stealing its battery technology

The lawsuit between two U.S. electric automakers, Tesla and Rivian, is nearing an end. Tesla alleges that Rivian poached Tesla employees to steal company secrets that would give them "a huge competitive advantage.

Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets. Bloomberg reports that Tesla

Tesla didn’t disclose specifics, but told a California state judge that it expects to seek dismissal of the case by Dec. 24 upon satisfactory completion of the terms.

Tesla and Rivian have been embroiled in a lawsuit in which the former accused the latter of having stolen battery technology by poaching Tesla employees. It sounds like the two automakers are finally about to settle the lawsuit, which has been going on for 4 years.

EV makers Tesla ($TSLA) and Rivian ($RIVN) have reached a “conditional” settlement to end their long-standing legal battle, according to a

Rivian (RIVN) stock surges after reports from Bloomberg said Tesla (TSLA) has reached a "conditional" settlement with its electric vehicle (EV) competitor. Tesla accused Rivian of poaching employees to access proprietary information about its EV tech.