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Jamie Dimon and Elon Musk Getty Images

‘This guy is our Einstein’: Jamie Dimon says he and Elon Musk ‘hugged it out’ after dropping $162M Tesla lawsuit — vows to support the billionaire as much as he can. Here’s how to tag along

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It’s not every day that high-profile figures put their differences aside — but that’s exactly what just happened.

During an appearance on CNBC, JPMorgan CEO Jamie Dimon was asked about Tesla CEO Elon Musk, given their “complicated relationship.” Dimon didn’t hold back.

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“Elon and I have hugged it out,” he said.

Dimon explained that Musk attended one of JPMorgan’s conferences, where the two had a “nice, long” conversation and settled some of their differences.

That response might surprise some, considering JPMorgan sued Tesla in November 2021 for $162.2 million, alleging that the automaker breached a 2014 contract related to stock warrants. JPMorgan ultimately dropped the lawsuit in November 2024.

But Dimon didn’t stop at reconciliation — he went on to heap praise on Musk’s achievements.

“You’ve got to look at Elon — I mean SpaceX, I mean Tesla, Neuralink. I mean, the guy is our Einstein, and so I’d like to be helpful to him and his company as much as we can,” Dimon stated.

Musk’s ventures speak for themselves. He leads Tesla, serves as chief engineer of SpaceX — which designs and launches rockets with ambitions to colonize Mars — and co-founded Neuralink, a company developing implantable brain-machine interfaces.

Dimon isn’t the only business titan to recognize Musk’s impact. Legendary investor Warren Buffett has called Musk “a brilliant, brilliant guy,” adding that he wouldn’t want to “compete with Elon in a lot of things.”

If you share this optimism, here are a few simple ways to invest alongside the serial entrepreneur.

Tesla (TSLA)

Musk has built several successful businesses, but none are as synonymous with his name as Tesla.

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With a net worth of $428 billion, according to Bloomberg, Musk is currently the richest person in the world, and Tesla equity remains his largest asset.

While Tesla’s stock is known for its volatility, the company remains a behemoth in the automotive industry. With a market cap of approximately $1.27 trillion, Tesla is more than 10 times the size of Ford and General Motors combined.

In 2024, Tesla produced 1,773,443 EVs and delivered 1,789,226 EVs. While both figures declined from 2023, Wall Street still sees potential upside in Tesla shares.

For instance, Wedbush Securities analyst Dan Ives has an ‘outperform’ rating on Tesla and a price target of $550 — roughly 35% above where the stock sits as of Jan. 29.

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Cryptocurrency

Musk has long been one of the most influential voices in cryptocurrency.

In 2021, he made his stance clear: “I’m a supporter of bitcoin and the idea of cryptocurrency in general.”

At the time, he revealed that aside from Tesla and SpaceX, he personally owned Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

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Musk’s words often move markets, with his comments sometimes triggering sharp price swings in the crypto space. However, he has been transparent about his intentions.

“If the price of bitcoin goes down, I lose money. I might pump, but I don’t dump,” Musk stated. “I definitely do not believe in getting the price high and selling, or anything like that. I would like to see Bitcoin succeed.”

Bitcoin, the world’s largest cryptocurrency, has gained significant momentum since then, soaring past $100,000. One reason it attracts crypto enthusiasts is its built-in scarcity. Unlike fiat currencies, Bitcoin can’t be printed at will by central banks. Instead, its supply is capped at 21 million by mathematical algorithms.

For those looking to gain exposure to cryptocurrencies, platforms like Robinhood Crypto allow users to buy and sell crypto with as little as $1 without any trading fees or commissions.

Robinhood Crypto has the lowest trading cost on average in the U.S. — meaning you could get up to 3.6% more crypto compared to trading on other platforms.

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Real estate

In a March 2022 discussion on X about inflation, Elon Musk offered a straightforward piece of advice: “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.”

His suggestion came at a critical moment, as inflation in the U.S. was surging, with the consumer price index (CPI) hitting a 40-year high of 9.1% year-over-year in June 2022.

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Musk had a point — real estate has long been considered a reliable hedge against inflation. When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts with inflation.

First National Realty Partners (FNRP) allows accredited investors to diversify their portfolio through grocery-anchored commercial properties, without taking on the responsibilities of being a landlord.

With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns.

Simply answer a few questions – including how much you would like to invest – to start browsing their full list of available properties.

However, owning a share of a project or property this way holds some risk — for instance, you could receive no returns and these assets are often illiquid. Speak to a professional if this investment is right for you, especially if you are retired or close to retirement.

These are a few examples of past properties or acquisitions from FNRP. For a full list of currently available properties, visit the FNRP deal room.

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FNRP

Diversify your portfolio with grocery-anchored real estate

at fnrpusa.com

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Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

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