Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the 2024 Financial Markets Quality Conference at Georgetown University in Washington, DC, US, on Tuesday, Sept. 17, 2024.
Al Drago | Bloomberg | Getty Images
JPMorgan Chase CEO Jamie Dimon on Wednesday said that he and tech billionaire Elon Musk have smoothed over their previously contentious relationship.
“Elon and I hugged it out,” Dimon told CNBC in a TV interview at the World Economic Forum’s annual event in Davos, Switzerland. “He came to one of our conferences, [and] he and I had a nice, long chat. We settled some of our differences.”
Dimon praised Musk’s various companies, including Tesla, space exploration firm SpaceX and Neuralink — a startup seeking to develop brain-computer interface systems.
“The guy is our Einstein,” the JPMorgan chief said. “I’d like to be helpful to him and his companies as much as we can.”
Dimon’s remarks come after the U.S. banking giant late last year agreed to drop a lawsuit filed against Tesla in 2021, seeking $162.2 million plus fees in a dispute over stock warrant transactions. Previously, JPMorgan had alleged Tesla had breached the terms of a contract that the companies signed pertaining to re-pricing the warrants.
This breaking news story is being updated.