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InsideEVs
InsideEVs
Technology
Steven Loveday

Tesla Files Countersuit Against JPMorgan's $162 Million Lawsuit

Tesla Inc. JPMorgan Elon Musk SEC

Tesla CEO Elon Musk's infamous "$420. Funding secured." tweet may haunt him forever. As you may remember, the outspoken CEO said back in 2018 that he was planning to take Tesla private at $420, and noted that funding was secured.

Needless to say, the tweet got Musk in some hot water with the SEC at the time. However, Tesla is still dealing with it since JPMorgan Chase & Co. ended up losing a lot of money after Musk sent out the tweet. In fact, according to Teslarati, the investment bank claims Tesla breached its contract related to the "repricing of warrants."

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