WSJ: JPMorgan Chase Says it’s Owed $162 Million by Tesla

The Wall Street Journal reports that JPMorgan Chase (NYSE:JPM) has told Tesla Inc. (NASDAQ:TSLA) it is owed $162 million over Elon Musk’s comments on Twitter this past December.

The report says JPMorgan was originally working with Tesla to offer it “wall-to-wall financing” to help it raise as much as $2 billion to help it fund its plans for the Model 3.

But after Musk’s comments on Twitter, JPMorgan says the company will have to pay it back with any funds that Tesla pulls from the investors.

Tesla has since told the Journal that the payment is not due and the bank needs to contact Tesla’s lawyers for that information.

Musk was criticized for his public statements about a potential peace deal with SolarCity, which he recently sold to Tesla.

In December, Musk released a tweet on Twitter saying that the solar company “could fold in a year or two” and that he wouldn’t be interested in rejoining it.

For his efforts, the stock tumbled.

If the deal goes through, Musk will profit as much as $1.43 billion.

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