Elon Musk 'Regrets' Social Media Posts Against Donald Trump: 'Went Too Far'

This was followed by a series of accusations between the once-close friends who shared the "Make America Great Again (MAGA)" dream.

Musk had called the major tax Bill "disgusting" and blamed it for increasing the federal deficit. Trump then accused Musk of going against him because of proposed cuts to electric vehicle subsidies. Musk denied the claim.

Thereafter, Trump threatened to cancel federal contracts with his companies, including SpaceX and Tesla. In response, Musk said SpaceX would begin decommissioning its Dragon spacecraft, which is crucial to NASA.

US President Donald Trump has warned Elon Musk that he'll have to pay "very serious consequences' if he funds Democratic candidates to run against Republicans who vote in favour of the GOP’s sweeping budget bill.

"If he does, he'll have to pay the consequences for that," Trump told NBC News in a phone interview, but declined to share what those consequences would be. "He’ll have to pay very serious consequences if he does that," he added.

Recently, US President Donald Trump has broken his silence on reports alleging that billionaire Elon Musk used recreational drugs while advising his administration, including during visits to the White House. When asked directly on June 9 whether Musk had brought drugs into the White House, Trump said, "I really don't know. I don't think so. I hope not."

Responding to the allegations, Musk posted on X: "You can tell immediately that someone is a massive liar if they’re claiming I’m on drugs, as I am one of the most photographed people on Earth and am in meetings 7 days a week!" He also noted that after his 2018 podcast appearance with Joe Rogan, he was subjected to years of random drug testing: "Not the slightest trace of drugs or alcohol was found."

Get Latest News Live on Times Now along with Breaking News and Top Headlines from US News and around the World.