Throughout an interview with CNBC on the World Financial Discussion board in Davos, Switzerland, JPMorgan Chase CEO Jamie Dimon confirmed that he and Elon Musk have settled their variations.
The CEO additionally expressed his help for Musk’s DOGE initiative, which is predicted to make the U.S. federal authorities extra environment friendly.
Elon Musk vs. JPMorgan:
- Elon Musk and JPMorgan have butted heads previously, with each events submitting lawsuits in opposition to one another.
- Whereas testifying in Delaware court docket in 2023, Musk acknowledged that “Tesla has a really unfavourable relationship with JPMorgan.”
- Musk additionally famous that “JPMorgan hates Tesla and me very a lot,” as famous in a Forbes report.
- In November, nevertheless, JPMorgan dropped its lawsuit in opposition to the electrical automobile maker.
- Tesla additionally dropped its countersuit in opposition to the financial institution final 12 months.
BIG phrases from JP Morgan CEO on Elon Musk:
Jamie Dimon: “Musk and I’ve ‘hugged it out,’ He is ‘our Einstein'”.$TSLA $JPM
— Herbert Ong (@herbertong) January 22, 2025
Dimon’s feedback:
- Throughout an interview with CNBC, Dimon was requested about his turbulent historical past with the Tesla CEO.
- Dimon confirmed that he and Elon Musk had already settled their variations and that that they had “hugged it out.”
- The JPMorgan CEO additionally praised Musk for his formidable initiatives, stating that the CEO is right now’s Einstein.
- “Elon and I’ve hugged it out. He got here to considered one of our conferences. We had a pleasant lengthy chat. We settled a few of our variations, and the man, you gotta have a look at Elon. I imply, SpaceX, Tesla, Neuralink. I imply, the man is our Einstein, and so forth. I’d wish to be useful to him and his firms as a lot as we will,” Dimon acknowledged.
JP MORGAN CEO JAMIE DIMON COMPARES ELON MUSK AS OUR MODERN DAY EINSTEIN.
“You’ve bought to take a look at Elon, at SpaceX, Tesla, Neuralink – the man is our Einstein. I might wish to be useful to him and his firms as a lot as we will“#ElonMusk
— Christopher Wheat (@ChristopheWheat) January 22, 2025
Dimon on DOGE:
- Dimon was additionally supportive of Elon Musk’s DOGE, which was formally established yesterday by way of an govt order from U.S. President Donald Trump.
- As per the JPMorgan CEO, there isn’t a doubt that the federal government must be extra environment friendly, so he needs DOGE the perfect.
- “I believe it’s fully rational for someone to take a look at our authorities and say it’s been ineffective. We deserve good authorities, and I don’t suppose anybody thinks sending one other trillion {dollars} to Washington, D.C. will result in good authorities. The federal government must be extra accountable. It must be extra environment friendly. It needs to be outcomes-based. I’d say go division by division, so I want them (DOGE) the perfect,” he famous.
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