JP Morgan sues Tesla for $162 mn over share warrants - NewsBreak
By Faria in Business
Updated 2 years ago
JP Morgan Chase has sued Tesla for $162 million over a stock warrants contract, accusing the company of "flagrantly" ignoring its obligation to pay the investment bank after the electric carmaker's shares soared. JP Morgan said it demanded the due shares or cash, "but Tesla has flagrantly ignored its clear contractual obligation to pay JP Morgan in full."