NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Elon Musk says JPMorgan 'hates Tesla and me'

Published 2023-01-24, 01:39 p/m
© Reuters
JPM
-
TSLA
-

By Sam Boughedda

Tesla (NASDAQ:TSLA) Chief Executive Elon Musk revealed on Tuesday in a federal trial over his "funding secured" tweets that the relationship between Tesla and JPMorgan bankers is "very negative."

The EV maker's CEO said that as a result of the "very negative relationship" between the two, he decided to take away Tesla's commercial-banking business from JPMorgan.

In further comments, Musk explained that he had previously asked JPMorgan (NYSE:JPM) Chief Executive Jamie Dimon for support for Tesla, but he declined.

"JP Morgan hates Tesla and me, very much," Musk is said to have told the trial.

Elon Musk and Jamie Dimon have clashed in the past, with the WSJ previously reporting that Musk had spurned Dimon's JPMorgan for years, using other banks while expanding Tesla.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.