Driving China on January 25, 2022, Tesla on Monday counterclaimed JPMorgan Chase over a disputed bond contract, accusing the investment bank of seeking a "windfall" after Elon Musk published a notorious privatization tweet in 2018. Musk said at the time that he might take Tesla private.
Tesla filed a complaint in Manhattan federal court accusing JPMorgan of being "untrustworthy and greedy." Tesla said that when the company sold convertible bonds in 2014, JPMorgan Chase unilaterally revised the terms of the warrants it obtained, demanding $162.2 million (about 1.03 billion yuan) from the company.
Tesla said, "JPMorgan Chase's excessive demands are both in retaliation for Tesla's neglect of JPMorgan Chase in major business transactions and out of JPMorgan executives' hostility towards Musk." ”
Tesla added that by amending the terms of the warrants, JPMorgan Chase "gave itself a pure windfall" after receiving "billions of dollars in dividends" from Tesla's soaring stock price.
![The "poll selling shares" storm continues, and Musk who sits in the dock is "wronged"?[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)