102679317
voted
$Tesla (TSLA.US)$ Shareholders let your voicea be heard. Vote now!
Link: https://generalmeeting.sg.moomoo.com
Link: https://generalmeeting.sg.moomoo.com
3
102679317
liked
102679317
voted
Spoiler:
At the end of this post, there is a chance for you to win points!
Happy Valentine's Day, mooers! What's your plan today? Please leave you comments below~ Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ Buzzing Stocks List & Mooers Comments
Thr...
At the end of this post, there is a chance for you to win points!
Happy Valentine's Day, mooers! What's your plan today? Please leave you comments below~ Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ Buzzing Stocks List & Mooers Comments
Thr...
+4
79
76
102679317
voted
Nov 15 $JPMorgan (JPM.US)$ has sued $Tesla (TSLA.US)$ for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract the two corporate giants agreed in 2014 relating to warrants Tesla sold to the bank.
Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
Musk's Aug 7, 2018 tweet that he might take Tesla private at $420 per share and had "funding secured," and his subsequent announcement 17 days later that he was abandoning the plan, created significant volatility in the share price, the bank said.
On both occasions, JPMorgan adjusted the strike price "to maintain the same fair market value" as prior to the tweets.
Tesla's share price rose approximately 10-fold by the time the warrants expired this year, and JPMorgan said this required Tesla under its contract to hand over shares of its stock or cash. The bank said Tesla's failure to do that amounted to a default.
Any thoughts? Or maybe someone can explain what's going on in the case?
Source:
JPMorgan sues Tesla for $162 mln after Musk tweets soured warrant deal
Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
Musk's Aug 7, 2018 tweet that he might take Tesla private at $420 per share and had "funding secured," and his subsequent announcement 17 days later that he was abandoning the plan, created significant volatility in the share price, the bank said.
On both occasions, JPMorgan adjusted the strike price "to maintain the same fair market value" as prior to the tweets.
Tesla's share price rose approximately 10-fold by the time the warrants expired this year, and JPMorgan said this required Tesla under its contract to hand over shares of its stock or cash. The bank said Tesla's failure to do that amounted to a default.
Any thoughts? Or maybe someone can explain what's going on in the case?
Source:
JPMorgan sues Tesla for $162 mln after Musk tweets soured warrant deal
56
8
102679317
commented on
Translated
2
1
102679317
commented on
$BIMI International Medical (BIMI.US)$ Flyyy 🚀🚀🚀
Translated
2
2