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JPMorgan Drops Suit Against Tesla Over Musk Tweet and Warrants

JPMorgan Chase & Co. agreed to drop a lawsuit it filed against Tesla Inc. three years ago seeking $162 million tied to stock warrant transactions.

The move to end the litigation was announced Friday in a one-page court filing by both sides, in which they dropped their claims against each other without the ability to refile them. They didn’t disclose any settlement agreement.

In its 2021 suit against Elon Musk’s electric vehicle maker, JPMorgan claimed it was owed Tesla shares worth the amount it sought, based on a 2014 agreement. Under that pact, if the stock traded above a …

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