US President Donald Trump said on Saturday that his friendly relationship with Elon Musk is over and warned of "serious consequences" if the billionaire financially backs Democratic candidates running against Republicans

In an interview with NBC News, Trump warned that Musk could face 'serious consequences' if he backs Democratic politicians who oppose Republicans. Their relationship soured after Musk criticized Trump's tax plan, and the two engaged in an exchange of insults on social media. Musk insinuated ties between Trump and Jeffrey Epstein, but later deleted the post.