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Benzinga
Benzinga
National
Rachit Vats

Tesla Countersues JPMorgan Over Disputed Bond Contract; Bank Says 'No Merit' To Claim

Tesla Inc. JPMorgan JPM Elon Musk JPMorgan Chase & Co NYSE

Tesla Inc (NASDAQ:TSLA) has countersued JPMorgan Chase & Co (NYSE:JPM) over a disputed bond contract, Reuters reported on Monday, citing a court filing.

What Happened: The Elon Musk-led Tesla accused JPMorgan of "bad faith and avarice" for demanding $162.2 million after it had changed the terms of warrants it received when the electric vehicle maker sold convertible bonds in 2014.

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