JPMorgan CEO Jamie Dimon said he and Elon Musk “hugged it out” and put aside nearly a decade of tense interactions thanks to a conversation the pair had at a conference last year.

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, the billionaire head of the U.S.’ biggest bank, lauded Tesla CEO Elon Musk, the richest man on the planet and a key part of President Donald Trump’s administration, on Wednesday, squashing a long-running beef between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland. "He came to one of our conferences, [and] he and I had a nice, long chat. We settled some of our differences."

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Satya Nadella replied to Elon Musk's X post, saying, “And all this money is not about hyping AI, but is about building useful things for the real world."

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

I would prefer to stay out of politics,” Elon Musk told his followers in 2021, on the platform then known as Twitter. Plenty has changed since then. The world’s richest man appears to have a new goal: upending Europe.

Trump's second presidency dominated proceedings at the World Economic Forum amid ominous warnings over the looming threat of trade tariffs and his decision to pull the United States out of the Paris climate agreement.

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