-7.6 C
New York
Thursday, January 23, 2025

Tesla CEO Elon Musk has “hugged it out” with JP Morgan CEO


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 assist 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 up to now, with each events submitting lawsuits in opposition to one another.
  • Whereas testifying in Delaware court docket in 2023, Musk said that “Tesla has a really unfavorable 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.

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 they’d “hugged it out.”
  • The JPMorgan CEO additionally praised Musk for his bold initiatives, stating that the CEO is at the moment’s Einstein.
  • “Elon and I’ve hugged it out. He got here to one in every 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 prefer to be useful to him and his firms as a lot as we are able to,” Dimon said.

Dimon on DOGE:

  • Dimon was additionally supportive of Elon Musk’s DOGE, which was formally established yesterday via an government order from U.S. President Donald Trump.
  • As per the JPMorgan CEO, there is no such thing as a doubt that the federal government must be extra environment friendly, so he needs DOGE one of the best.
  • “I feel it’s utterly rational for any individual to take a look at our authorities and say it’s been ineffective. We deserve good authorities, and I don’t assume 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 must be outcomes-based. I’d say go division by division, so I want them (DOGE) one of the best,” he famous.

Don’t hesitate to contact us with information ideas. Simply ship a message to [email protected] to present us a heads up.

Tesla CEO Elon Musk has “hugged it out” with JP Morgan CEO








Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles