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.

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.

JPMorgan CEO Jamie Dimon gushed about one-time rival Elon Musk on Wednesday, as he revealed that he and the mega Trump ally have made amends in their years-long feud.

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

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.

JPMorgan CEO Jamie Dimon during recent times highly praised Tesla CEO Elon Musk who were eventually former adversaries to each other and latest reports are claiming that they have totally even out their long ongoing dispute.

“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.”

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.

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.

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.

The Chinese Ministry of Commerce spokesperson, He Yadong, explained in response during a press conference on Thursday that the country was ready to negotiate with the U.S. government to maintain a healthy and sustainable economic relationship.