In a filing in Manhattan federal court, Tesla accused JPMorgan of "bad faith and avarice" for demanding US$162.2 million after the bank had unilaterally changed the terms of warrants it received when Tesla sold convertible bonds in 2014.
NEW YORK: Tesla Inc on Monday fought back against JPMorgan Chase & Co over a disputed bond contract, countersuing the bank for seeking a "windfall" following Elon Musk's notorious 2018 tweet that he might take his electric car company private.
In a filing in Manhattan federal court, Tesla accused JPMorgan of "bad faith and avarice" for demanding US$162.2 million after the bank had unilaterally changed the terms of warrants it received when Tesla sold convertible bonds in 2014.
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