JPMorgan, Tesla Settle 3-Year-Old Dispute Over Stock Warrants - Tesla (NASDAQ:TSLA), JPMorgan Chase (NYSE:JPM)
1. JPMorgan withdrew its lawsuit against Tesla regarding breach of contract. 2. The lawsuit claimed $162.2 million due to stock price volatility. 3. Settlement ends a prolonged legal dispute influenced by Elon Musk's 2018 tweet. 4. Tesla's stock is up nearly 39% year-to-date, closing at $345.16. 5. Implications from this lawsuit resolution may stabilize TSLA's stock perception.