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... price of Tesla shares by the time of its expiration (summer 2021) must be higher than the price specified in the original contract. The bank believes that they have the right to adjust the strike price, since they had significantly reduced it after Elon Musk's tweet in 2018 - then he wrote that he could buy back Tesla shares at $ 420 and make the company private. Then JPMorgan adjusted the price by increasing it. Tesla shares grew tenfold during this time. The lawsuit said the bank's adjustments were appropriate and in line with the contract, but Tesla refused to pay the full amount it owed. The bank says Tesla's failure ...
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