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JPMorgan sues Tesla for $162 million related to warrants -Breaking


© Reuters. FILEPHOTO: Tesla’s logo can be seen in a Bern branch office on October 28, 2020. REUTERS/Arnd Wiegmann/File Photo/File Photo

NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:) on Monday sued Elon Musk’s Tesla (NASDAQ:) Inc for more than $162 million over the electric car maker’s alleged failure to make a contractually required payment related to warrant transactions.

Manhattan Federal Court heard the breach of contract case against the largest U.S bank.

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