"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland, Wednesday. "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.

JPMorgan Chase CEO Jamie Dimon and Tesla chief Elon Musk, once adversaries in a prolonged legal battle, have settled their differences, the banker told CNBC in an interview on Wednesday.

JPMorgan Chase CEO Jamie Dimon said Wednesday that he and Tesla CEO Elon Musk have “hugged it out” and resolved their differences, after Dimon’s bank sued the tech billionaire’s electric vehicle

Jamie Dimon said that he and Elon Musk settled their differences. This seemingly concluded their row, sparked by a legal fight between JPMorgan and Tesla.

Jamie Dimon’s praise for Musk was effusive. “The guy is our Einstein,” he remarked, emphasising Musk’s contributions through companies like Tesla and SpaceX. He added, “I’d like to be helpful to him and his companies as much as we can.

Jamie Dimon’s comments follow JPMorgan’s decision late last year to drop a case filed against Tesla in 2021, which had sought $162.2 million plus fees over a dispute regarding stock warrant transactions.

“Elon and I hugged it out,” Dimon said. “He came to one of our conferences. He and I had a nice, long chat. We settled some of our differences.”

CEO Jamie Dimon praised Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Wednesday and indicated that the two billionaires have patched holes in their relationship.

CEO Jamie Dimon and Tesla CEO Elon Musk (TSLA) have “hugged it out” according to a report in a popular outlet. In an interview at the World Economic Forum held at Davos, Switzerland, the banker said that the contentious relationship with the head of the Department of Government Efficiency (DOGE) was over.

DEI policies in his first days in office, reiterating his opposition to World Economic Forum attendees in Davos.

Jamie Dimon praised Elon Musk as "our Einstein," resolving past legal disputes, while discussing JPMorgan’s acquisition strategies, regulation reforms, and support for tariffs prioritizing national security over inflation.