Tesla Motors and co-founder Martin Eberhard announced an agreement over who can claim to be a founder of the company on Monday.
Eberhardagainst the luxury electric vehicle maker in June, alleging that current CEO Elon Musk sought to "rewrite history" about Eberhard's role after Eberhard was ousted from the CEO position. Eberhard was seeking damages because comments from Tesla executives had harmed his reputation.
On Monday, a Tesla representative said that Eberhard and other principals in the dispute have come to an agreement. The company did not reveal any details of the resolution, except to say that there are now five, rather than two, agreed-upon "founders" of Tesla.
In addition to Eberhard, other founders include current CEO and chief product architect Elon Musk, current chief technology, Marc Tarpenning, and Ian Wright.
Both Eberhard and Musk, who haveand through the courts, issued statements praising each others' contributions to Tesla.
An out-of-court resolution appeared to be Eberhard's best option for repairing his reputation after a San Mateo, Calif., judge in Julyof his suit.