JPMorgan declares that the warrants diminished in value after Musk’s tweet in August of 2018 that Tesla was “funding secured” to go private at $420 per share. The fluctuation that followed was a burden on the stock’s prices until the warrants expire in the months of June 2021 techallabout tech all about Website tech all about com and July 2021. This was way beyond both the strike and original price.

 JPMorgan said adjustments reducing the strike price were made following Musk’s 2018 tweet, and again after Tesla’s 5-for-1 stock split in 2020, however “Tesla has refused to pay the strike price that was agreed to in the contract.”