- Donald Trump has escalated his public feud with Elon Musk, stating he is "not even thinking about" him and suggesting he may sell his Tesla Model S.
- The renewed hostility follows a social media spat where Musk criticised Trump's tax-cut and spending bill, complicating its passage in Congress.
- On Friday in Washington, Trump was asked about reports of a peacemaking phone call with Musk, to which he responded: “You mean the man who has lost his mind?
- Shares in Tesla have dropped 14% after Trump threatened to cut off government contracts with Musk's companies, leading to a $150 billion loss in value.
- A prolonged feud could impact Republican control of Congress in the midterm elections if Musk withholds financial support, though Musk has indicated he plans to curtail his political spending.
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