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According to the complaint, Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
JPMorgan Sues Tesla For $162 Million After Musk Tweets Soured Warrant Deal
Calender
Nov 21, 2021 10:33 PM
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According to the complaint, Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
Ferrari Unveils Limited-Run Daytona SP3
Ferrari Unveils Limited-Run Daytona SP3
calender
Nov 21, 2021 10:11 PM
The Daytona SP3 will be produced in 599 units, with a not-for-everyone price of 2 million euros ($2.26 million) in Italy. Deliveries will start at the end of next year and are expected to be completed in 2024.
Uber Introduces Revamped Shared Rides Offer In The U.S
Uber Introduces Revamped Shared Rides Offer In The U.S
calender
Nov 21, 2021 09:16 PM
Passengers booking a shared ride can now earn additional discounts in Uber credit, not cash, if another rider joins their trip.
Tesla Climbs As Other EV Makers Hit Brakes After Rally
Tesla Climbs As Other EV Makers Hit Brakes After Rally
calender
Nov 21, 2021 09:10 PM
Investors exchanged $33.8 billion worth of Tesla shares on Wednesday, more than any other company on Wall Street and more than double the turnover of Apple, the second most traded company, according to Refinitiv.
Fisker Unveils Electric SUVs To Beat Tesla Over Driving Range
Fisker Unveils Electric SUVs To Beat Tesla Over Driving Range
calender
Nov 21, 2021 07:42 PM
Fisker said the base Ocean Sport model will be priced at $37,499 and achieve a driving range of 250 miles per charge.
Canada's Power Chip Maker GaN Systems Raises $150 Million, Pushes On Electric Car Market
Canada's Power Chip Maker GaN Systems Raises $150 Million, Pushes On Electric Car Market
calender
Nov 21, 2021 06:53 PM
BMW and Toyota Motor Corp have been investors in GaN Systems for several years, and Witham said GaN recently signed its first "capacity agreement" with BMW to guarantee delivery of power chips worth over a quarter of a billion dollars.
Delhi Government Urges Vehicle Owners To Get Colour-Coded Stickers For Fuel Identification
Delhi Government Urges Vehicle Owners To Get Colour-Coded Stickers For Fuel Identification
calender
Nov 21, 2021 05:25 PM
These chromium-based hologram colour-coded stickers help enforcement personnel visibly identify the fuel type of vehicle during checks on the roads.
Maruti Suzuki Ciaz-Based Toyota Belta Sedan Revealed For The Middle East
Maruti Suzuki Ciaz-Based Toyota Belta Sedan Revealed For The Middle East
calender
Nov 21, 2021 01:13 AM
The Toyota Belta only gets a slightly tweaked grille to accommodate the new logo and is only offered with an automatic transmission in the Middle East. It's likely to go on sale in India next year.
MG Astor Batch 1 Deliveries Could Be Delayed Due To Semiconductor Shortage
MG Astor Batch 1 Deliveries Could Be Delayed Due To Semiconductor Shortage
calender
Nov 21, 2021 01:00 AM
In a recent development, the Chinese-owned British automaker has said that Astor's batch one deliveries could be delayed because of the semiconductor shortage.