Tesla Motors, the world's biggest electric vehicle manufacturer, sued a former engineer claiming he illegally transferred confidential information on its supercomputer technology to his own computer and turned over a “dummy” laptop for inspection to cover up the theft.
The company is developing an in-house supercomputer, dubbed Project Dojo, to deal with massive amounts of data, including video from Tesla cars, and using it to create autonomous driving software. Alexander Yatskov was hired in January as a thermal engineer to help design cooling systems for the computer, which generates a lot of heat, Tesla said in the complaint.
“These thermal designs and data are confidential and tightly guarded within Tesla,” the carmaker said.
But Tesla said Mr Yatskov admitted to downloading confidential information from his Tesla devices to his personal devices, after he was confronted. He turned over a “dummy” computer for inspection by Tesla to try and cover his tracks, the company said.
Mr Yatskov quit on May 2 and has refused to return the information, Tesla said in the complaint.
When reached by phone, Mr Yatskov said he wasn’t aware of the complaint and declined to immediately comment on it.
Tesla also accused Mr Yatskov of lying in his resume about his expertise and work experience. He also breached a non-disclosure agreement that barred him from disclosing trade secrets, Tesla said.
“This is a case about illicit retention of trade secrets by an employee who, in his short time at Tesla, already demonstrated a track record of lying and then lying again by providing a ‘dummy’ device to try and cover his tracks,” Tesla said in its complaint.
Tesla is seeking compensatory and exemplary damages and an order that would stop Mr Yatskov from disseminating its trade secrets and direct him to return all proprietary data.
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Killing of Qassem Suleimani
The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
Sholto Byrnes on Myanmar politics
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
The biog
Title: General Practitioner with a speciality in cardiology
Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India
Education: Medical degree from the Government Medical College in Nagpur
How it all began: opened his first clinic in Ajman in 1993
Family: a 90-year-old mother, wife and two daughters
Remembers a time when medicines from India were purchased per kilo
LIVING IN...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
