President Trump threatened to cut off Elon Musk’s federal contracts, showing that he looks at the government as his own means of penalizing those who cross him.

Trump added that he has "no intention of speaking" to Musk anytime soon, saying "I’m too busy doing other things.”

In an escalation of Elon Musk’s fractured relationship with President Donald Trump and his Republican allies, the Tesla CEO has floated the idea of starting a new political party to rival the two-party system.

Trump warns his former ally against backing any Democratic candidates to challenge the Republicans, as a messy feud between the two escalates.

U.S. President Donald Trump, in an interview with NBC News on Saturday, said there would be "serious consequences" if billionaire Elon Musk funds Democratic Party candidates to run against Republicans who vote for Trump's sweeping tax-cut bill.