JPMorgan and Tesla Resolve $162 Million Stock Warrant Dispute

The three-year legal battle stemming from Elon Musk's 2018 'funding secured' tweet ends with undisclosed settlement terms.

JPMorgan Chase and Tesla have agreed to drop all claims in a lawsuit over a 2014 stock warrant agreement, as confirmed by a Manhattan court filing.
The dispute originated from Elon Musk's 2018 tweet about taking Tesla private, which JPMorgan argued caused significant stock price volatility necessitating warrant repricing.
JPMorgan sought $162.2 million, alleging Tesla failed to compensate for the increased value of the repriced warrants, while Tesla countersued, accusing the bank of acting in bad faith.
A pivotal moment in the case occurred in September when a U.S. District Judge denied JPMorgan's motion for summary judgment, allowing Tesla's counterclaims to proceed to trial.
Details of the settlement remain undisclosed, marking the conclusion of a closely watched legal battle between two major players in the financial and tech sectors.