If Elon Musk lets the twitter bird fly, that has a huge impact. This also happened in 2018, when the Tesla boss reported the privatization of his electric car company and an allegedly planned withdrawal from the stock market.
This post is now flying around the ears of the 50-year-old himself, Because: On November 15, the largest US Federal Reserve, JPMorgan, filed a lawsuit for the payment of 162.2 million US dollars in a federal court in Manhattan because of these lines. The accusation: breach of contract and misleading information. For example, Tesla concluded warrant transactions with the bank, which obliged the company to pay out in shares or cash if the price was above the contractual exercise price when the warrants expired. Musk’s tweet had, however, significantly depressed the value of the warrants.
Elon Musk did not respond to the lawsuit in one way official statement and not via Twitter. However, he threatened the “Wall Street Journal”: If JPMorgan does not withdraw the lawsuit, he will only leave one star on the rating platform “Yelp”. He went on to say: “This is my last warning.”
A large number of negative reviews were created in record time
It didn’t take long – and Tesla fans reacted to the warning Musk had issued: On Monday, November 22nd, the Yelp page went live the bank is flooded with a number of 1-star ratings. According to Business Insider, Yelp quickly saw dozens of negative reviews. One user wrote “JPMorgan is annoying – from a Tesla owner”, another commented: “A star only for your frivolous lawsuits against your business partners, especially against Tesla.”
On Tuesday, Yelp had to deactivate the publication of new reviews for JPMorgan, as the review portal announced in an official statement.
It goes on to say, “Yelp is committed to connecting consumers with great local businesses in Ver Create engagement by giving them access to reliable and useful information. ”Yelp is investing in both technology and human moderation to reduce misinformation on the platform.
How it will go in the dispute between JPMorgan vs. Tesla must now first and foremost be clarified by the court. A spokesman for JPMorgan told the Wall Street Journal: “We have given Tesla the opportunity to meet its contractual obligations several times. It is therefore unfortunate that they forced this matter into legal battle. “