Nov 15 $JPMorgan(JPM.US)$ has sued $Tesla(TSLA.US)$ for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract the two corporate giants agreed in 2014 relating to warrants Tesla sold to the bank.
Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
Musk's Aug 7, 2018 tweet that he might take Tesla private at $420 per share and had "funding secured," and his subsequent announcement 17 days later that he was abandoning the plan, created significant volatility in the share price, the bank said.
On both occasions, JPMorgan adjusted the strike price "to maintain the same fair market value" as prior to the tweets.
Tesla's share price rose approximately 10-fold by the time the warrants expired this year, and JPMorgan said this required Tesla under its contract to hand over shares of its stock or cash. The bank said Tesla's failure to do that amounted to a default.
Any thoughts? Or maybe someone can explain what's going on in the case?
Source:
JPMorgan sues Tesla for $162 mln after Musk tweets soured warrant deal

According to Wikipedia, frequency illusion is a cognitive bias in which, after noticing something for the first time, there is a tendency to notice it more often, leading someone to believe that it has a high frequency of occurrence. 
Some mooers must be indulging in the stock market that they see market-related things everywhere. It isn't a bad thing actually. Imagination is like your superpower. Just make sure you get enough rest when stock markets are closed okay? 
Here come some examples of frequency illusion:
@Deezy_McCheezy: $Palantir(PLTR.US)$ It shows us nothing more or less than the deepest, most desperate desire of our hearts
@Singh Rahul: $Palantir(PLTR.US)$ LOL
@mooster Han: $Tesla(TSLA.US)$ strong
@Laughing Dollars: $Palantir(PLTR.US)$ When u r holding 30x 28 calls expiring this Friday...
@Felix py: $AMC Entertainment(AMC.US)$ strong hold!
@BadPaint: $SNDL Inc(SNDL.US)$
@Questionable Invts: $AMC Entertainment(AMC.US)$ Gotta Stop Double Dipping. If you want price rocket.
@deluxe bean: $AMC Entertainment(AMC.US)$ stock right now...
@Marval: shorts will go hungry for tendies
@LaPlasita: To Infinity And Beyond!
According to the definiton of frequency illution, it's easier to discover sense of humor and happiness in life if you always wear a smile right? Remember to stay happy when investing!
This week, we'd like to invite you to comment below and tell about where/what in your everyday life do you associate invest with?
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*Comments within this week will be counted.
You may post:
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That's all for this episode! See ya next week! peace!