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.

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.

“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.”

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.

CEO Jamie Dimon praised Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Wednesday and indicated that the two billionaires have patched holes in their relationship.

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.

JPMorgan CEO Jamie Dimon gushed about one-time rival Elon Musk on Wednesday, as he revealed that he and the mega Trump ally have made amends in their years-long feud. “The guy is our Einstein,” Dimon told CNBC at the World Economic Forum in Davos,

Jamie Dimon, the CEO of JPMorgan Chase, publicly backed Elon Musk’s leadership of the newly created Department of Government Efficiency (D.O.G.E) today. Speaking to CNBC on January 22, Jamie called Elon “our Einstein” and said the billionaire entrepreneur is the right person to tackle inefficiency in the federal government.