JPMorgan Drops $162 Million Lawsuit Against Tesla Over Stock Warrants in Manhattan Court from 2021

Nov 30, 2024, 03:18 AM

JPMorgan Chase has agreed to drop a lawsuit against Tesla that it initiated three years ago, seeking $162 million related to stock warrant transactions. The lawsuit, filed in 2021, alleged that Tesla owed JPMorgan shares worth the claimed amount based on an agreement from 2014. The legal dispute has now been resolved, with both companies filing to dismiss all claims in a Manhattan court. This resolution marks a significant development in the ongoing relationship between the banking giant and the electric vehicle manufacturer.