Tesla Inc. (NASDAQ: TSLA) has countersued JP Morgan Chase & Co. (JPM) over windfall gains earned in a bond contract, according to Reuters. The original lawsuit was against a 2018 tweet by CEO Elon Musk that Tesla may become a private entity, which was withdrawn later, resulting in severe stock price volatility. Shares of the world’s largest electronic vehicle (EV) maker plunged 9.8% during the intraday trading session amid an overall market selloff on the hawkish economic environment. Furthermore, markets are also seeing a selloff in risk assets and digital currencies this week, with Bitcoin plunging to its record lows.
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