JPMorgan Chase filed a lawsuit against Tesla Monday, accusing the electric car firm of 'breach of contract action' over stock warrants.
JPMorgan sues Tesla for $162 million over warrants, Musk tweets
NEW YORK -JPMorgan Chase & Co on Monday sued Tesla Inc for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract related to stock warrants after its share price soared. According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike price" were below Tesla's share price upon the warrants' expiration in June and July 2021.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
JPMorgan sues Tesla for $162 million in warrants dispute around Elon Musk take-private tweetsTesla was supposed to deliver shares or cash if its share price went above a contractually set 'strike price' by a certain expiration date, the complaint says.
Baca lebih lajut »
JPMorgan sues Tesla for $162 mln related to warrants, Musk tweetJPMorgan Chase & Co on Monday sued Tesla Inc for $162.2 million, accusing Elon Musk's electric car company of breaching a contract related to stock warrants following Musk's 2018 tweet that he might take Tesla private.
Baca lebih lajut »
The Other Musk Getting Rich Off Tesla: Elon’s Youngest BrotherKimbal Musk is a restaurateur, food investor—and board member at big brother Elon’s Tesla and SpaceX.
Baca lebih lajut »
Elon Musk Is $50 Billion Poorer Since His Twitter Poll Sent Tesla Stock SpiralingOn Nov. 6, Musk asked Twitter whether he should sell Tesla stock. Since then, shares have plummeted 17%.
Baca lebih lajut »
Tesla, Dollar Tree, Boeing, Lucid: What to Watch When the Stock Market Opens TodayHere’s what we’re watching before Monday’s opening bell: Tesla, Dollar Tree, Boeing and Lucid
Baca lebih lajut »
Stocks making the biggest moves in the premarket: Oatly, Tesla, Dollar Tree and moreThe stocks making the biggest moves in premarket trading include Oatly, Tesla, Dollar Tree, and more.
Baca lebih lajut »