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Tesla countersues JPMorgan over deal affected by Musk's tweet
short by Aishwarya Awasthi / on Tuesday, 25 January, 2022
Tesla has countersued JPMorgan over a disputed deal affected by Elon Musk's 2018 tweet where he said he might take Tesla private. The lawsuit accused JPMorgan of filing "cynical litigation" when the bank sued Tesla last year, claiming it was owed $162 million when Tesla stock warrants expired. Tesla said JPMorgan "pressed its exorbitant demand as an act of retaliation".
read more at Reuters