Jamie Dimon says he 'hugged it out' with Elon Musk and would 'love to be helpful' with DOGE
Jamie Dimon says he 'hugged it out' with Elon Musk and would 'love to be helpful' with DOGE · Business Insider
  • Jamie Dimon and Elon Musk are continuing to make amends.

  • The JPMorgan Chase CEO told CNBC they've "hugged it out."

  • Dimon wished Musk the best with DOGE and said he'd "love to be helpful" with the government efficiency effort.

Jamie Dimon and Elon Musk are patching up their relationship after a yearslong feud.

Dimon, the CEO of JPMorgan Chase, told CNBC's "Squawk Box" in an interview that aired Wednesday that the two of them have "hugged it out."

"He came to one of our conferences, he and I had a nice long chat, we've settled some of our differences," he said in the interview.

Musk attended a JPMorgan tech summit in March, where he and Dimon spoke for an hour onstage, and Musk also visited Dimon's suite at the resort, The Wall Street Journal reported in June, citing people familiar with the matter.

In his CNBC interview, Dimon went on to call Musk "our Einstein."

He also expressed support for the Department of Government Efficiency (DOGE) that Musk is leading. President Trump signed an executive order Monday to create DOGE and make it officially part of the White House. Its stated mandate now is to update the federal government's software and IT systems, a marked change from Musk's desire to use DOGE to slash regulations and federal spending.

"We deserve good government," Dimon said. "I don't think anyone thinks that sending another trillion dollars to Washington, D.C., will lend to good government so government needs to be more accountable. It needs to be more efficient, it should be outcomes-based."

Dimon said DOGE would have its work cut out for it, but he supports Musk's efforts.

"I wish him the best. It's going to be complicated, the federal government's complicated, you've read about all the people in it," Dimon said. "If we can be helpful to them, I'd love to be helpful to them."

Musk had floated the idea for DOGE in August during a live-streamed conversation with Donald Trump on X, formerly Twitter. Musk said he'd "be happy to help out" on a government efficiency commission — which Trump said he'd "love" — if Trump won the election. Musk spent upwards of $200 million in efforts to get Trump and other Republicans elected.

Dimon said last year that he does "actually like" the idea of "having an efficiency commission."

"I think governments have to become more efficient, more competent," Dimon said in an interview with CNBC in September. "And look at, when they take money, what do they get for it. I actually think it's a very good idea."