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Tesla is being sued for $162 million by one of America's biggest banks.

via:快科技     time:2021/11/16 20:07:42     readed:71

Tesla is reportedly embroiled in another lawsuit,This time it is being sued for more than $162 million by JPMORGAN Chase, the country's largest bank.

The case relates to warrants agreed in 2014, according to a lawsuit filed by jpmorgan in Federal court in Manhattan.

Tesla to jpmorgan chase in early 2014 to sell the warrants, the original two companies agreed to a $560.6388 "strike price", if that year until June of 2021 and July stock options expire, "strike price" below the tesla's share price, jpmorgan chase will get reimbursement, tesla should be delivered with the implementation of price difference between the equivalent shares, Otherwise, they do not owe each other.

索赔1.62亿美元 美国最大银行起诉特斯拉:认股权证合同违约

As a large, extremely complex financial transaction, jpmorgan made sure it had a variety of legal protections, one of which was to hedge against any major merger or acquisition announcements that could affect Tesla's stock price.

Musk's August 7, 2018, tweet threatening to take Tesla private amounted to a major corporate deal, and jpmorgan lowered the strike price as required.

索赔1.62亿美元 美国最大银行起诉特斯拉:认股权证合同违约

On July 24, Musk announced that he was abandoning the deal to take Tesla private, and jpmorgan adjusted the strike price again to reflect the stock's rise.

Back in the present day, tesla refuses to honor the contract, even though jpmorgan believes the changes it made were appropriate and compliant. So theThe bank filed a lawsuit in a local court demanding immediate payment of more than $162 million due from Tesla

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