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Elon Musk says JPMorgan 'hates Tesla and me'

Published 01/24/2023, 01:28 PM
Updated 01/24/2023, 01:34 PM
© Reuters Elon Musk says JPMorgan 'hates Tesla and me'

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

Well well let my tell you that there are many others...
As always.. it's all about you. Tesla is no longer globally competitive either in terms of design, quality or price. Accept the facts..
poor boy, jp morgan hate the richest man with an ego 1000 bigger than Trump....how can that be !!
jpmorgan wanted poor people to got credit and slaved them
Tesla does auto loans for its customers.
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