US President Donald Trump said tech billionaire Elon Musk would face “very serious consequences” if he finances Democratic candidates against lawmakers who support the Republican Party’s massive budget bill.
“If he does that, he will pay the price for it,” Trump told NBC News by phone. But he declined to elaborate on what those “consequences” would be. Trump later reiterated his words, saying, “There will be very serious consequences.”
Trump also made it clear that he has no desire to repair his relationship with Musk: “I have no intention of repairing my relationship with him.” When asked if his relationship with the Tesla and SpaceX CEO was over, he replied, “I assume so.”
The tension between Trump and Musk, which came to the fore at the beginning of the week with mutual threats and accusations on social media platforms X and Truth Social, has reached a new level with these statements by the President. Trump argued that the Republican Party has become more united than ever before following the tension.
Trump, who stated that he had no plans to meet with Musk in the short term, said, “I am busy with other things,” and added: “I do not plan on talking to him.” He also accused Musk of disrespecting the office of the presidency: “This is a very bad thing. He has great disrespect for the office of the presidency.”
In response to calls from some conservative figures that Musk’s business dealings and immigration record should be investigated at the federal level, he said: “That’s not on my agenda right now.”
Trump also said he did not believe Musk’s opposition to the budget bill, called the “One Big Beautiful Bill Act,” jeopardized its future: “I’m confident it will pass the Senate before July 4th. The Republican Party has never been more united.”
Elon Musk, who has given Trump major financial support in the 2024 elections, has donated more than a quarter of a billion dollars to the campaign in critical states. In the early months of the Trump administration, Musk was appointed head of the “Department of Government Efficiency” and implemented comprehensive government downsizing policies.
*This is not investment advice.
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