Tesla and JPMorgan CEOs Bury the Hatchet, Champion Efficiency Goals

United States: JPMorgan Chase (JPM.N) CEO Jamie Dimon and Tesla (TSLA.O) leader Elon Musk settled their former conflict in a meeting with CNBC on Wednesday.

“Elon and I are now friends, and we decided to move past our issues,” Dimon said, listing Musk’s achievements running Tesla, SpaceX, and Neuralink, as reported by Reuters.

Legal Battle Finally Settled

Tesla’s largest U.S. lender sued the company in 2021, launching a long dispute that began when Musk claimed back in 2018 to have “funding lined up” to go private but followed through only weeks later.

#BREAKING #USA Jamie Dimon, CEO of JPMorgan Chase, described Elon Musk as "our Einstein," citing his work with SpaceX, Tesla, and Neuralink. pic.twitter.com/eMwvQhF05K

— The National Independent (@NationalIndNews) January 22, 2025

Both companies dropped claims against each other in November last year, and Tesla countersued the bank in 2023.

Joint Focus on Government Efficiency

The Musk-led effort to cut government excesses championed by Dimon also lined up with what the Trump administration sees as a priority.

NEWS: JPMorgan Chase CEO Jamie Dimon thinks Elon Musk is a modern-day Albert Einstein.

“The guy is our Einstein. I’d like to be helpful to him and his companies as much as we can; Elon and I hugged it out. He came to one of our conferences. He and I had a nice, long chat. We… pic.twitter.com/FXi7Y3TaV8

— Sawyer Merritt (@SawyerMerritt) January 22, 2025

The group is known as the Department of Government Efficiency, or “DOGE”, and under its leadership, is expected to make massive cuts to the U.S. government, which includes zeroing out entire Federal agencies and slashing government Jobs. The lawsuit claims challenge the group’s operations, as reported by Reuters.