Tesla: Musk Sells Shares; JPMorgan Sues for $162 Million

The transcript discusses Elon Musk's recent sale of Tesla shares, amounting to $930 million, as part of a plan to sell 10% of his holdings. This sale is linked to a Twitter poll and pre-arranged plans to exercise expiring options. The impact on Tesla's stock price is noted. Additionally, a legal dispute between JP Morgan and Tesla over unpaid warrants is highlighted, stemming from a controversial tweet by Musk. The lawsuit involves a $162 million claim, which is minor for both companies but could strain their relationship.

What is the main reason Elon Musk is selling a portion of his Tesla shares?

• To fulfill a promise made in a Twitter poll

• To buy a new property

• To donate to charity

• To invest in a new company

How much have Tesla shares fallen since Musk started selling his shares?

• 17%

• 15%

• 20%

• 10%

What is the amount involved in the legal dispute between JP Morgan and Tesla?

• $100 million

• $162 million

• $200 million

• $250 million

What event does JP Morgan claim allowed them to lower the strike price of Tesla warrants?

• A new product launch

• A significant corporate event

• A drop in Tesla's stock price

• A change in Tesla's board

What is the potential consequence of the dispute between Tesla and JP Morgan?

• A strained relationship between the two

• A merger between the two companies

• An increase in Tesla's stock price

• A significant financial loss for Tesla