JPMorgan sues Tesla for $162 mln related to warrants

The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann/File Photo/File PhotoNEW YORK, Nov 15 (Reuters) – JPMorgan Chase & Co (JPM.N) on Monday sued Elon Musk’s Tesla Inc (TSLA.O) for more than $162 million over the electric car maker’s alleged failure to make a contractually required payment related to warrant transactions.The largest U.S. bank filed its breach of contract case in Manhattan federal court.Reporting by Jonathan Stempel in New York
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