Musk Speaks at JPMorgan Event on Government Reshaping Efforts

Tesla CEO Elon Musk spoke at a JPMorgan Chase conference on Thursday, discussing his efforts to reshape the federal government, a task he was assigned by President Donald Trump. The conference, held in Miami, was attended by JPMorgan CEO Jamie Dimon and hosted by Mary Erdoes, CEO of JPMorgan’s asset and wealth management division. Around 200 of JPMorgan’s largest clients were present at the event.

Musk’s conversation, moderated by David Rubenstein, co-founder of private equity firm Carlyle Group, featured a wide range of topics. Among the key points was Musk’s work with the Department of Government Efficiency (DOGE), which he leads. DOGE’s ambitious goals include eliminating entire federal agencies and cutting three-quarters of federal government jobs.

JPMorgan declined to comment on the event, and neither Musk nor Carlyle responded to requests for comment.

The event marked a shift in the relationship between Musk and Dimon, who had previously been involved in a prolonged legal battle. The two business leaders, who were once adversaries due to Tesla’s 2021 lawsuit over Musk’s controversial “funding secured” tweet, resolved their differences in November 2023 when both companies dropped their claims against each other.