Jing Pan
7 min read
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It’s not every day that high-profile figures put their differences aside — but that’s exactly what just happened.
During an appearance on CNBC, JPMorgan CEO Jamie Dimon was asked about Tesla CEO Elon Musk, given their “complicated relationship.” Dimon didn’t hold back.
“Elon and I have hugged it out,” he said.
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Dimon explained that Musk attended one of JPMorgan’s conferences, where the two had a “nice, long” conversation and settled some of their differences.
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Powered by Money.com - Yahoo may earn commission from the links above.That response might surprise some, considering JPMorgan sued Tesla in November 2021 for $162.2 million, alleging that the automaker breached a 2014 contract related to stock warrants. JPMorgan ultimately dropped the lawsuit in November 2024.
But Dimon didn’t stop at reconciliation — he went on to heap praise on Musk’s achievements.
“You’ve got to look at Elon — I mean SpaceX, I mean Tesla, Neuralink. I mean, the guy is our Einstein, and so I’d like to be helpful to him and his company as much as we can,” Dimon stated.
Musk’s ventures speak for themselves. He leads Tesla, serves as chief engineer of SpaceX — which designs and launches rockets with ambitions to colonize Mars — and co-founded Neuralink, a company developing implantable brain-machine interfaces.
Dimon isn’t the only business titan to recognize Musk’s impact. Legendary investor Warren Buffett has called Musk “a brilliant, brilliant guy,” adding that he wouldn’t want to “compete with Elon in a lot of things.”
If you share this optimism, here are a few simple ways to invest alongside the serial entrepreneur.
Musk has built several successful businesses, but none are as synonymous with his name as Tesla.
With a net worth of $428 billion, according to Bloomberg, Musk is currently the richest person in the world, and Tesla equity remains his largest asset.
While Tesla’s stock is known for its volatility, the company remains a behemoth in the automotive industry. With a market cap of approximately $1.27 trillion, Tesla is more than 10 times the size of Ford and General Motors combined.
