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Elon Musk and Donald Trump at the White House in 2017. Alamy Stock Photo

Elon Musk will face 'serious consequences' if he funds Democratic rivals, Trump warns

When asked during a phone interview if his relationship with the Tesla CEO was over, the US President said: “I would assume so, yeah.”

DONALD TRUMP HAS said he has no desire to repair his relationship with Elon Musk, warning that his former ally and campaign benefactor could face “serious consequences” if he tries to help Democrats in upcoming elections.

In a phone interview with NBC’s Kristen Welker, the US President said he has no plans to make up with the billionaire tech entrepreneur.

Asked specifically if he thought his relationship with the chief executive of Tesla and SpaceX was over, Trump responded: “I would assume so, yeah.”

“I’m too busy doing other things,” he continued.

“You know, I won an election in a landslide. I gave him a lot of breaks, long before this happened, I gave him breaks in my first administration, and saved his life in my first administration, I have no intention of speaking to him.”

Trump also issued a warning amid speculation that Musk could back Democratic legislators and candidates in the 2026 US midterm elections.

“If he does, he’ll have to pay the consequences for that,” Trump told NBC, though he declined to share what those consequences would be. Musk’s businesses have many lucrative federal contracts.

His latest comments suggest Musk is moving from close ally to a potential new target for Trump, who has aggressively wielded the powers of his office to crack down on critics and punish perceived enemies.

As a major government contractor, Musk’s businesses could be particularly vulnerable to retribution. Trump has already threatened to cut his contracts, calling it an easy way to save money.

The dramatic rupture between the US President and the world’s richest man began this week with Musk’s public criticism of Trump’s “big beautiful bill” pending on Capitol Hill.

Musk has warned that the bill will increase the federal deficit, calling it a “disgusting abomination”.

Whether or not Musk is genuinely concerned about the debt and deficit, and how it will be affected by Trump’s bill, there are aspects of the legislation that are set to directly impact the bottom line of his electric car company Tesla.

As written, the “One Big Beautiful Bill Act” will reverse the financial incentives that encourage people to buy electric vehicles (EVs). 

Trump then criticised Musk in the Oval Office and said he was “very disappointed” in his criticism of the bill. 

Before long, he and Musk began trading bitterly personal attacks on social media, sending the White House and Republican congressional leaders scrambling to assess the fallout.

Epstein tweet deleted

As the back-and-forth intensified, Musk suggested Trump should be impeached and claimed without evidence that the government was concealing information about the President’s association with infamous paedophile Jeffrey Epstein.

On Saturday, Musk appeared to have deleted his posts about Epstein. 

In an interview, US vice president JD Vance tried to downplay the feud. He said Musk was making a “huge mistake” going after Trump, but called him an “emotional guy” who was becoming frustrated.

“I hope that eventually Elon comes back into the fold. Maybe that’s not possible now because he’s gone so nuclear,” Vance said.

Vance called Musk an “incredible entrepreneur,” and said that Musk’s Department of Government Efficiency (DOGE), which sought to cut US government spending and laid off or pushed out thousands of workers, was “really good”.

Vance made the comments in an interview with “manosphere” comedian Theo Von, who last month joked about snorting drugs off a mixed-race baby and the sexuality of men in the US Navy when he opened for Trump at a military base in Qatar.

The Vance interview was taped on Thursday as Musk’s posts were unfurling on X.

During the interview, Von showed the US Vice President Musk’s claim that Trump’s administration has not released all the records related to Epstein because Trump is mentioned in them.

‘This stuff is just not helpful’

Vance responded to that by saying: “Absolutely not. Donald Trump didn’t do anything wrong with Jeffrey Epstein.”

“This stuff is just not helpful,” he said in response to another post shared by Musk calling for Trump to be impeached and replaced with Vance.

“It’s totally insane. The President is doing a good job.”

Vance also defended the bill that has drawn Musk’s ire, and said its central goal was not to cut spending but to extend the 2017 tax cuts approved in Trump’s first term.

The bill would slash spending and taxes but also leave some 10.9 million more people without health insurance and spike deficits by $2.4 trillion (€2.1 trillion) over the decade, according to the nonpartisan Congressional Budget Office.

“It’s a good bill,” Vance said. “It’s not a perfect bill.”

With reporting from Press Association

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