:max_bytes(150000):strip_icc()/GettyImages-2217849690-80990de15f144423ad2365b9079e698d.jpg?w=1920&resize=1920,1267&ssl=1 "Trump Says He Assumes Relationship With Elon Musk Is Over, Warns of ‘Consequences’")
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President Donald Trump said on Saturday that he believes his ties with Tesla (TSLA) CEO Elone Musk, which has ended after a public spat that has rubbed Tesla’s stock.
“I have no intention of talking to him,” Trump said. NBC News’ In an interview on Saturday, Christon Velkar, hoping that he may soon reconcile between reports that the White House colleagues attempted to schedule a peace call. Asked if their relationship is over, Trump said “I will believe so.”
Trump warned Musk, who swams the perception of “a new political party in the US” on his social media network X this week, not to support the Republican challenging the Democrats, who supported the President’s signature budget bill, termed “a big beautiful bill”.
“If he does so, he will have to give very serious consequences,” Trump said.
Morgan Stanley analysts told customers in a note on Friday that a deteriorating relationship between Musk and Trump could carry forward the sales of Tesla, as it could “potentially (temporarily) separate many aspects of the political spectrum.”
The electric vehicle manufacturer has seen a decline in sales in the US and other markets this year, which is a pioneer for the cost-cutting department of the government of the Trump administration among a political backlash for Musk’s role. Tesla’s stock was received after Musk in April, stating that he would withdraw his government work, and left the Trump administration last month.
However, Tesla’s shares on Friday after profit, they failed to fix all the loss of Thursday amid concerns about Kasturi and Trump’s relationship. Stock has so far lost about one-fourth of its value in 2025, on Thursday’s drop pushed Tesla out of the $ 1 trillion market cap club.
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