"JPMorgan and Tesla have decided to enter into a new commercial relationship and settle the outstanding disputes between the companies. This is a good outcome for all and we look forward to working together."
"Under a 2014 agreement, if Tesla's stock traded above a certain price, it would owe JPMorgan a payment in shares or cash. However, an August 2018 tweet by Musk complicated the deal, which led to the lawsuit."
"JPMorgan claimed it had the discretion to adjust the strike price of the warrants based on factors including the volatility of Tesla's stock, which it made adjustments for after Musk's tweet."
"Tesla accused JPMorgan of breaching their agreement in bad faith and trying to exploit the situation for profit after the incident with Musk's tweet."
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