brandonadamjoseph
liked
What are your expectations for the next 5 years? $Ford Motor (F.US)$, $LCID $Lucid Group (LCID.US)$, $RIVN $Rivian Automotive (RIVN.US)$ , $GM $General Motors (GM.US)$ LI $Li Auto (LI.US)$, NIO $NIO Inc (NIO.US)$or XPEV $XPeng (XPEV.US)$ .
(Without considering things like delisting of Chinese stocks, but instead considering the overall situation of the company)
(Without considering things like delisting of Chinese stocks, but instead considering the overall situation of the company)
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brandonadamjoseph
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$ContextLogic (WISH.US)$ lol. can’t believe it’s heading to $2.
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brandonadamjoseph
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$Lucid Group (LCID.US)$ whole moomoo red red, is ok, lets have an early night. just hold and wait for it to rocket!
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brandonadamjoseph
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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
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 $162 mln after Musk tweets soured warrant deal
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brandonadamjoseph
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$Lucid Group (LCID.US)$ Is it too high to buy at 50??
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brandonadamjoseph
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$Lucid Group (LCID.US)$ buy in dip...
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