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.

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

An unexpected development occurred when Jamie Dimon, the CEO of JPMorgan Chase, openly praised Tesla CEO Elon Musk in a recent interview at the World Economic Forum in Davos, Switzerland. Over the years,

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’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.

“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.”

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.

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.

President Donald Trump levied a surprise broadside against Bank of America Corp.’s Brian Moynihan, invoking and chiding the CEO with an unsubstantiated right-wing conspiracy theory that the bank limits business with conservative groups.

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.