On January 22, JPMorgan Chase CEO Jamie Dimon revealed in an interview with CNBC that he and Tesla chief Elon Musk, formerly engaged in a legal battle, have resolved their disputes. Dimon mentioned, "Elon and I have hugged it out," commending Musk for overseeing prominent companies like Tesla, SpaceX, and Neuralink, stating, "The guy is our Einstein."
The significant U.S. financial institution had initiated legal action against Tesla in 2021 due to controversies stemming from Musk's 2018 tweet claiming to have "funding secured" to privatize Tesla, a plan later abandoned.
Although Tesla countersued JPMorgan in 2023, both companies settled in November last year. Dimon also voiced his support for Musk's endeavor to reduce what the Trump administration perceives as government redundancies through the "Department of Government Efficiency" (DOGE), aimed at streamlining federal agencies and reducing government roles; a move facing legal challenges.
Referring to previous acquisitions made for national interest, Dimon clarified JPMorgan's current stance, asserting that recent deals were not primarily for the bank's benefit but were undertaken with broader national interests in mind.
Regarding the future, Dimon confirmed JPMorgan had no intent of engaging in significant acquisitions soon, even mentioning the institution's prior recovery from receivership following a 2023 failure.
On the topic of tariffs imposed for national security considerations, Dimon emphasized prioritizing national security over potential inflation risks, stating, "If it's a little inflationary, but it's good for national security, so be it."
Ending abruptly, the text mentions President Trump's intentions regarding relations with Canada and Mexico effective February 1.