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News and Events
Manufacturing Risk Advisor - July 2018 - July 2018
Former Tesla Engineer Sued for Alleged Theft of
manufacturer Tesla recently sued former employee Martin Tripp for allegedly
stealing gigabytes worth of intellectual property and making false claims about
Tesla’s manufacturing processes. However, Tripp claims that he was attempting
to call attention to dangerous practices at the company.
to Tesla, Tripp created software to steal photos and videos of manufacturing
systems and send the information to third parties. The company also alleges
that he falsely told journalists that Tesla installs punctured batteries in its
vehicles and wastes large amounts of resources.
Although this case only came to light recently, it serves to highlight
the importance of protecting intellectual property. Call (619) 297-3160 today
for more information on protecting your proprietary information with insurance
and cyber security best practices.
How Recent Trade Developments Impact
Trump administration has continued to set new policies and negotiate trade
deals in an effort to support U.S. businesses. However, international reactions
and rising prices have had a mixed impact on manufacturers.
are some overviews of recent trade developments and their impact on domestic
- Steel and aluminum
tariffs—The United States has placed a 25 percent tariff on steel and a 10 percent
tariff on aluminum. Because imports from countries like Canada—the largest U.S.
supplier of steel and aluminum—now cost more, manufacturers face higher prices
that they may have to push onto consumers. Additionally, many countries have
responded to the tariffs by raising taxes on U.S. goods.
- Tariffs on Chinese
goods—The Trump administration has ordered 25 percent tariffs on over $200
billion worth of Chinese imports in response to allegations that China
frequently steals intellectual property and forces foreign businesses to trade
their technology. The Chinese government has placed similar tariffs on U.S.
imports. As a result, manufacturers that import or export goods affected by the
tariffs may see significant price increases.