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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

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What's up mooers! Welcome to the next episode of MooHumor. This week must be extremely tough right? Before we step in the disaster scene, let's take a look at something adorable.
Anyway, let's get started.
1. @Js Chris: Watching the dip without money.
2. @Nuuby: I open my account and I see ...
3. @游离宝宝: Despite going through many obstacles, some people still trying to radiate some positive vibe! 
4. @我问天: I gonna light up this tonight!

HEY my dear mooers, how are you doing this week?
Did you watch Blue Origin's rocket flying to the sky (or coming back down to Earth)? Did your stock price also fly this week?
@DarkSansYT:
Aha! No matter what has happened, cheer up, it's almost the weekend! Happy Friday and welcome back to MooHumor!
Let's see what our creative mooers have said, and how is everyone doing these days. Are you ready?
1. @Jacked Jesus: les gooo
2. @x sm:
3. ...