Elon Musk threatens bank with “One Star Review on Yelp” unless they drop the lawsuit

“This is my last warning!”

Bank Memes

JPMorgan sued Tesla last week, arguing that the company owed it $ 162 million.

“We offered Tesla several options to meet its contractual obligations, so it is unfortunate that they have forced this issue into litigation,” the bank said in a statement.

And now Musk is hacking with the bank – the Musk way you can imagine.

“If JPM doesn’t withdraw their lawsuit, I’ll give them a one-star rating on Yelp,” Musk told the Wall Street Journal. “This is my last warning!”

Secured financing

Probably with a wink, but making enemies of banks is risky. At the same time, thanks to its record-breaking value of more than $ 1 trillion, the electric car maker has little trouble finding banks to partner with.

In other words, Musk could call JPMorgan’s bluff.

The lawsuit is related to Musk’s infamous 2018 tweets promising to take Tesla private and claiming to have secured funding of $ 420 per share.

JPMorgan was betting on a possible sale of Tesla, which of course never came about.

Fast and easy

The CEO isn’t exactly shaking in his boots at Musk’s remarks to the WSJ. Plus, $ 162 million is pocket money for someone in Musk’s position. And he’s represented by Alex Spiro, the attorney who previously helped him get out of a libel suit after calling a British cave explorer “Pädo” in 2019.

Tesla is also in a strong position given its sky-high ratings and crushing expectations in the third quarter of this year.

Musk may have been quick and easy with his comments in 2018, earning him a massive lawsuit from the U.S. Securities and Exchange Commission.

But whether JPMorgan’s lawyers will be able to bring a strong enough case remains to be seen.

CONTINUE READING: JPMorgan’s Jamie Dimon and Tesla’s Elon Musk feud behind the scenes [The Wall Street Journal]

Would you like to support the introduction of clean energy? Find out how much money (and planets!) You could save by switching to solar power on UnderstandSolar.com. If you sign up using this link, Futurism.com may receive a small commission.

Comments are closed.