Bridgewater: President Donald Trump is not backing off his battle with Elon Musk, saying Saturday that he has no desire to repair their relationship and warning that his former ally and campaign benefactor could face “serious consequences” if he tries to help Democrats in upcoming elections.

Trump told NBC’s Kristen Welker in a phone interview that he has no plans to make up with Musk. Asked specifically if he thought his relationship with the mega-billionaire CEO of Tesla and SpaceX is over, Trump responded, “I would assume so, yeah.”

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

The president also issued a warning amid chatter that Musk could back Democratic lawmakers and candidates in the 2026 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.

The president's 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.

The dramatic rupture between the president and the world's richest man began Thursday, 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 and called it a “disgusting abomination.” Trump and Musk began trading bitterly personal attacks on social media, sending the White House and GOP congressional leaders scrambling to assess the fallout.

AP