'Elon Musk is our Einstein': JP Morgan CEO Jamie Dimon
"Elon Musk is our Einstein," JPMorgan Chase CEO Jamie Dimon advised CNBC in an interview. the 2 have been as soon as worried in a prolonged felony conflict, which has now been settled.
"Elon and i've hugged it out," Dimon said, praising Musk for efficiently running multiple excessive-profile companies consisting of tesla, SpaceX, and Neuralink.
the biggest US lender had sued tesla in 2021, kicking off a drawn-out dispute that was as a minimum in element tied to Musk's notorious 2018 tweet in which he said he had "investment secured" to take the EV massive personal, only to abandon that plan a few weeks later, Reuters reported. tesla countersued JPMorgan in 2023, however both events dropped their claims in opposition to each different in november of final 12 months.
Tech billionaire Elon Musk responded to Dimon's feedback on social media. Sharing a clip of the CNBC interview on X , Musk wrote, "best of him to say."
Dimon also supported the Musk-led initiative to cut what the Doald trump administration views as excessive authorities law.
"I assume it's miles absolutely rational for a person to take a look at our authorities and say it's been useless. We deserve right government, and i do not suppose everyone thinks sending any other trillion bucks to Washington, D.C., will cause good government, " Dimon stated.
"The government needs to be more accountable. It desires to be more efficient. It should be outcomes-primarily based. I mean, i'd say [go] department by department. I wish them the high-quality. it will be complicated, " Demon added.
Dimon in addition stated that JPMorgan become now not planning on doing a huge acquisition in the near destiny.
"some of the ones (previous deals) had been executed to assist the us at the time. They weren't necessarily accomplished for JPMorgan," he stated.
The lender offered First Republic financial institution out of receivership after it failed in 2023. He also noted price lists applied for national safety reasons outweigh inflation worries.
"If it's a bit inflationary, but it's precise for national protection, so be it," Dimon said.