Elon Musk Threatens Bank With "One Star Review on Yelp" Unless They Drop Lawsuit – Futurism

Posted: November 23, 2021 at 4:27 pm

"This is my final warning!"Bank Memes

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

We have provided Tesla multiple opportunities to fulfill its contractual obligations, so it is unfortunate that they have forced this issue into litigation, read a statement issued by the bank.

And now, Musk is beefing with the bank in the most Musk way imaginable.

If JPM doesnt withdraw their lawsuit, I will give them a one star review on Yelp, Musk told The Wall Street Journal. This is my final warning!

While presumably tongue-in-cheek, making enemies of banks is risky. At the same time, the electric carmaker isnt exactly struggling to find banks to cooperate with, thanks to its record-breaking value of more than $1 trillion.

In other words, Musk may be calling JPMorgans bluff.

The lawsuit is connected to Musks infamous 2018 tweets in which he promised to take Tesla private, claiming to have secured funding for at $420 a share.

JPMorgan was betting on an eventual sale of Tesla, which of course never materialized.

Given Musks remarks to the WSJ, the CEO isnt exactly quaking in his boots. Besides, $162 million is pocket change for someone in Musks position.And hell be represented by Alex Spiro, the attorney who previously helped him wriggle out of a defamation lawsuit after he called a British cave explorer a pedo in 2019.

Tesla is also in a strong position given its sky-high valuations and crushing expectations in Q3 of this year.

Musk may have been playing fast and loose with his comments back in 2018,which earned him a massive lawsuit from the US Securities and Exchange Commission.

But whether JPMorgans lawyers will be able to make a strong enough case remains to be seen.

READ MORE: JPMorgans Jamie Dimon and Teslas Elon Musk Feud Behind the Scenes [The Wall Street Journal]

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Elon Musk Threatens Bank With "One Star Review on Yelp" Unless They Drop Lawsuit - Futurism

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