The chairman of the World Holocaust Remembrance Center has accused Elon Musk of insulting victims of Nazism after the billionaire told a German far-right political party that the country needed to “move beyond” the “guilt” of the past.

Donald Trump and Elon Musk loom large over this year's World Economic Forum in Davos.

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

Elon Musk’s controversial gesture, which some interpreted as a Nazi-style salute, drew criticism from Trump’s political opponents and energized fans on the far right.

During the World Economic Forum in Davos, Switzerland, the AI developer’s finance chief talked in detail about the company’s restructuring, Elon Musk’s legal actions and IPO best practices.

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland, Wednesday. "The guy is our Einstein," the JPMorgan chief said. "I'd like to be helpful to him and his companies as much as we can.

Elon Musk is Already Driving White House Aides Nuts Less than a week into Trump’s term, Musk is already causing headaches for the administration.

Musk then slapped his chest with his right hand, before flinging it diagonally upwards, palm face down. He turned around to audience members behind the podium, and repeated the gesture. “My heart goes out to you,

Elon Musk has been nominated for the Nobel Peace Prize. Norwegian libertarian MP Marius Nilsen, who tossed the Tesla founder’s name into the mix for consideration, cited Musk’s “adamant defense of dialogue, free speech and [enabling] the possibility to express one’s views’ in a continuously more polarized world.”

Jamie Dimon, the billionaire head of the U.S.’ biggest bank, lauded Tesla CEO Elon Musk, the richest man on the planet and a key part of President Donald Trump’s administration, this week, putting an end to years of head-butting between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

The new administration has empowered a handful of extremely rich people to exert disproportionate influence over the government. There’s a word for that.