The Financial Times has reported that JPMorgan Chase claims Tesla owes it $162 million in a lawsuit related to Elon Musk’s now-deleted tweet from last week that he was the “funding secured” for a Tesla deal to take the company private.
The FT reported that Musk spoke with an unnamed “senior board member of a private equity firm” on Thursday who said the firm wanted to give Tesla a price in the low $300s per share for a company buyout. JPMorgan was said to have told Tesla it had “concerns regarding the company’s available liquidity.”
Tesla responded to the FT’s report by saying, “JPMorgan has informed us it has not received any claim, provided to them on the same day as the NYT article was published, and they have been unwilling to clarify this apparent misunderstanding.”
Musk had said on Twitter that he was planning a take-private deal to boost Tesla’s stock price, a move that was estimated to be worth $72 billion at its height.
On Wednesday, Musk announced he had scrapped the idea and had decided instead to take Tesla public again via a public stock offering, which he said would be cheaper. Shares rallied at the end of trading that day, with most analysts saying they had, in fact, been oversold.
According to the FT, the lawsuit filed on Monday is that “Musk’s Nov. 27 tweet had exposed JPMorgan to risks it did not understand.” The bank reportedly argues that it should be paid damages and other costs stemming from the “inadvertent violation” of its obligations under securities laws.
Prior to last week’s tweet, shares of Tesla had fallen sharply, leading many analysts to call on Musk to step down as Tesla’s CEO.
In an interview with Business Insider published on Tuesday, Musk denied that the tweet had affected the bank’s opinion of Tesla.
“I think that’s incredibly inaccurate,” he said. “We never have any idea of where Tesla’s stock price is going to be before it’s published.”
JPMorgan declined to comment to CNN Business.
–CNN Business’ Ashley Strickland and Eun-Young Jeong contributed to this report.