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

Hi, mooers. As time goes by, we are almost at the last chapter of 2021!
Take a look at the past moment: busy at work, doing some trading, getting new skills, or enjoying some nice autumn moment?
How did mooers get along with October? Let's find out their fun-loving moment in Moo community!
Part Ⅰ: Moo Stars of October
Discover the mooers topping the leaderboard of Moo community! Thanks for so much love and support.
Congratulations! @Tupack H Mcsnacks @HopeAlways @Tanya C @Mr Trecherous @DayleyTrades @Anonymous Investor @ATS A trade sniper @老Uncle @huatSG @Mr Truth @韭菜爱火箭 @Holkkie @Stock Watch @顶风买菜真难啊 @Riding Star
...

Spoiler:
At the end of this post, there is a chance for you to win points!
Happy Monday mooers! 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
Every major index moved lower last week. Here is the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla CEO Elon Musk’s trust sold about $1.2 billion in Tesla stock, Tesla stock declined 15.4% for the week, marking the company’s worst one-week performance in 20 months.
● Mooers comment
@Daniel Acret:
There's a New Kid in Town
Everybody's talking
'bout the New Kid in town
They will never forget TSLA
till Rivian comes around
Everybody's talking
'bout the new coin in town
they won't forget BitCoin
till Ethereum comes along.
@DayleyTrades: ⭐⭐⭐⭐
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
With the CEO of AMC selling more than a million shares, AMC's stock price closed at $40.000 with a weekly decrease of 4.08%. The good news is that AMC theaters have joined the crypto bandwagon and the company’s customers can do the online payment via them.
● Mooers comment
@Smoke-A-Shotgun: $AMC Entertainment (AMC.US)$
@Coffee Drip: $AMC Entertainment (AMC.US)$ if you are freaking out over this drop.. You haven't been here long. Lol take a break go eat some toast and watch Netflix or go get some fresh air and calm down. This is not that bad. I've been in amc since like the 2.00 days and even before that. I watched covid almost take out AMC and held on and bought more. Stocks go up and down.
3. RIVN - Buzzing Stars: ⭐⭐⭐⭐
Rivian Automotive has made a strong start in the market, trading at more than 30% above its IPO price and with a market cap of about $100 billion. Its stock price closed at $129.950, with a weekly rise of 66.60%.
● Mooers comment
@GetMeABeerDude: how I feel about this stock right now
$Rivian Automotive (RIVN.US)$
@Palmyra:  Rivian IPO: 5 things to know about the Amazon-backed electric-vehicle maker
$Rivian Automotive (RIVN.US)$ Losses have mounted as the business grows. Perhaps not surprisingly, Rivian has never made money, and doesn’t expect to turn a profit in the “foreseeable future” as it invests in its business. Read more...
4. LCID - Buzzing Stars: ⭐⭐⭐⭐
LCID stock closed at $43.930 last Friday with a weekly rise of 5.10%, despite almost doubling in selling price over the past month.
● Mooers comment
@101505797
$Lucid Group (LCID.US)$
5. PLTR - Buzzing Stars: ⭐⭐⭐
RBC Capital has downgraded Palantir's stock from sector performance to underperform and lowered its share price projection from $25 to $19. The shares of PLTR lost 12.19% last week and finally closed at $22.830.
● Mooers comment
@FiveHundredCents: Cathie Wood Rushes To Load Up $36M In Palantir As Its Stock Crashes 9%
Cathie Wood’s money managing firm Ark Invest on Tuesday bought 1.48 million shares— estimated to be worth $35.98 million— in $Palantir (PLTR.US)$ on the dip and after months of booking profit in the stock.Shares of the Peter Thiel-backed company closed 9.35% lower at $24.25 a share on Tuesday. Read more...
6. NVDA - Buzzing Stars: ⭐⭐⭐
Analysts from four different institutions have raised their estimations of Nvidia's intrinsic value, ranging from $340 to $360 per share. Its stock price closed at $303.900, with a weekly rise of 2.14%.
● Mooers comment
@efficentupup: The Biggest Beneficiary Of The Meta Universe?
On November 9th, NVIDIA announced at the 2021 GPU Technology Conference (GTC 2021) that it would upgrade its product route to a "three-core" strategy of "GPU+CPU+DPU". "(Omniverse) platform is positioned as "engineer's meta-universe". Read more...
7. NIO - Buzzing Stars: ⭐⭐⭐
In China, demand for electric vehicles continues strong, with Nio reporting record bookings in October. NIO stock was up 0.90% to $42.670 last week.
● Mooers comment
@Sourav Pan: Nio rallies after Citi boosts price target on positive view of market share $NIO Inc (NIO.US)$ is up 3.25% in early trading to cut into the post-earnings decline. Citi boosts its price target on Nio to $87 from $70 on its expectation that the Chinese EV player will nab more market share. Read more...
8. PYPL - Buzzing Stars: ⭐⭐⭐
PYPL stock price close at $208.300 with a weekly decrease of 7.74%. PayPal Holdings' stock plummeted a day after the company released third-quarter results and predictions that fell short of Wall Street expectations on several fronts.
● Mooers comment
@Deezy_McCheezy
$PayPal (PYPL.US)$
It’s really quite simple.
Buy the dip.
If it does dip more buy some more.
Hold for a minimum of 12-18 months and double your money.
9. AMD - Buzzing Stars: ⭐⭐⭐
AMD stock increased 8.47% to $147.890 over the past week. Meta Platforms has announced a major push into data centers as part of its mission to build a metaverse.
● Mooers comment
@Handy_:
Advanced Micro Devices $Advanced Micro Devices (AMD.US)$ is about to enter the metaverse.
The chip giant said its EPYC chips were selected by Meta (formerly known as Facebook) to help power its data centers at its virtual Accelerated Data Center Premiere event Monday. Read more...
10. PHUN - Buzzing Stars: ⭐⭐
PHUN shares were down 3.08% to $4.090 last week with the extreme volatility of the PHUN stock in October， investors have decided that the asset's fundamental value is far less essential than the observable demand increase.
● Mooers comment
@勇者无惧的亚希伯恩:
$Phunware (PHUN.US)$
Phunware is scheduled to announce Q3 earnings results on Thursday, November 11th, after market close.The consensus EPS Estimate is -$0.04(+78.9% Y/Y) and the consensus Revenue Estimate is $2.27M (-27.5% Y/Y).Over the last 3 months, EPS estimates have seen 2 upward revisions and 2 downward. Read more...
Thanks for your reading!
Awarding Moment
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
@GratefulPanda @makankaki @Jia Yung @Syuee @HopeAlways @Dadacai
We really appreciate your great insights! Read the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Part Ⅲ: Weekly Topic
Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your idea on:
"Does deciding to invest mean taking a gamble?"
We will select 20 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Top Comment Technique:
● Fundamental / Technical / Capital Analyses
● Personal Trading Experience
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Previous of WeeklyBuzz
Weekly Buzz: "My first investment in the stock market."
Weekly Buzz: "What is Metaverse?"
Weekly Buzz: "Have some PHUN."
Disclaimer: Comments below are made available for informational purposes only. Before investing, please consult a licensed professional.

$Tesla (TSLA.US)$ chief executive Elon Musk has sold around $5bn of shares in the electric carmaker.
The documents showed that the sale of about a fifth of the shares was made based on a pre-arranged trading plan set up in September. 14 , long before Mr Musk's social media posts at the weekend about selling some of his shares.
The company's shares fell by around 16% in the two days after the poll came out in favor of him selling shares, before regaining some ground on Wednesday.
If you don't know what happened. Go check out the Daily Poll few days before.
Source:
Elon Musk: Tesla boss sells $5bn of shares after Twitter poll

66 points for all mooers who vote for this!
COP26, UN's annual climate change conference has just concluded. The conference once again put spotlights on Environmental, Social & Governance (ESG), a hot trend in investing.
Finding companies with strong stocks and growth needn't be a trade-off with environmental, social and governance values. Companies like $Microsoft (MSFT.US)$ , $NVIDIA (NVDA.US)$ , $Salesforce (CRM.US)$ etc. mix profitability with ethical and social responsibility.
What’s your opinion on ESG?
Do you think ESG stocks have growth potential?