The Wall Street Journal: Tesla countersues JPMorgan, accuses bank of acting in ‘bad faith and avarice’

January 24, 2022

Tesla Inc. countersued JPMorgan Chase & Co. on Monday, intensifying a dispute over the payout for a bond sale the bank helped arrange in 2014.

JPMorgan
JPM,
-0.09%
started the fight with a lawsuit in November, claiming it was owed around $162 million more for a set of warrants it had acquired as part of the bond sale. Tesla
TSLA,
-1.47%
on Monday said the bank wasn’t entitled to the billions of dollars in stock it got last year from those warrants.

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