JPMorgan Chase and Tesla settle a lawsuit over a 2014 stock warrant contract dispute.

JPMorgan Chase has settled its lawsuit against Tesla over a 2014 stock warrant contract. The bank initially sought $162.2 million, alleging that Tesla breached the contract due to CEO Elon Musk's 2018 tweet about taking Tesla private, which affected stock prices. Tesla countersued, arguing the bank sought an unfair gain. Settlement terms are undisclosed, but both parties have dropped their claims.

November 30, 2024
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