Nikola may now need to quickly raise cash as its GM deal has fallen apart.
The payment by Martin Tripp, a former process technician at Tesla's Gigafactory near Reno, Nevada, was part of a settlement detailed in a Monday filing with the federal court in that city. Tesla and Musk became embroiled in a public dispute with Tripp in June 2018, when it fired and then sued him.
Alexander Hitzinger, a 49-year-old engineer who defected to Apple after helping to develop Porsche's winning 919 racecar, has been lured back to Volkswagen Group for perhaps his biggest challenge yet - building an electric car to take on Tesla. While Volkswagen, the world's largest automaker, has been rolling out electric vehicles from the ID.3 compact to the high end Porsche Taycan, analysts say it needs a more comprehensive system that integrates electric power with new self-driving and infotainment technologies if it hopes to overtake Tesla.