Elon Musk's $162 Million Dollar Joke

from Patrick Boyle On Finance · host Patrick Boyle

Send us a textJP Morgan Chase is suing Tesla for $162 million over tweets in 2018 by Technoking Elon Musk that he would take the electric vehicle maker private.JP Morgan accuses Tesla of "flagrantly" breaching a deal it claims should have triggered payments to JP Morgan.JP Morgan's suit, filed in a Manhattan federal court, says that Tesla sold warrants to JP Morgan allowing the bank to purchase shares if the "strike" price was below Tesla's share price when the warrants expired in 2021."We ha...

Episode metadata supplied by the publisher feed · Published Nov 17, 2021

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Elon Musk's $162 Million Dollar Joke

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