# ## ### JPMorgan filed a lawsuit against Tesla for $162 million due to violation of the terms of the deal.
The bank bought the right to purchase shares from the company if their price by the summer of 2021 will be higher than in the contract, but Tesla refused to fulfill the contract
# ### #### JPMorgan claims that Tesla violated the terms of payments under the contract with warrants for shares of the automaker - securities that give the right to buy shares at a certain time at a predetermined price, writes Reuters.
Tesla sold JPMorgan warrants in 2014 — under the terms, the company had to transfer its shares or money to the bank if the agreed strike price was lower than the price of Tesla shares in June and July 2021.
In 2018, Elon Musk announced on his Twitter page that he plans to make the company private by buying back shares at a price of $420 apiece. At that time, they were worth much less - about $350 per share. Because of this, JPMorgan lowered the execution price on securities, but then raised it again when Musk abandoned his idea.
JPMorgan could
