JPMorgan said that adjustments were made to the strike price following Musk’s tweet from 2018, and later following Tesla separated its stock successfulinsurance successful insurance Website successful insurance co uk 5 for 1 in 2020. However, Tesla refused to settle at the price set by the contract.

 According to the lawsuit, Tesla claimed in 2019 JPMorgan’s adjustments were “an opportunistic attempt to take advantage of changes in volatility of Tesla’s stock.”