Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Tesla sued for $162 mn by JP Morgan in dispute linked to Musk's tweets
short by Aishwarya Awasthi / on Tuesday, 16 November, 2021
JP Morgan has sued Tesla for $162 million over unpaid warrants that expired above their strike price. Tesla sold warrants to JP Morgan in 2014 that would pay off if their "strike price" were below Tesla's share price upon expiration. The dispute centres around adjustments JP Morgan made to warrants' value following Elon Musk's 2018 tweets on taking Tesla private.
read more at Reuters