President Donald Trump on Saturday said he assumes his relationship with Tesla (TSLA) CEO Elon Musk is over after a 澳洲幸运5官方开奖结果体彩网:public spat that has rattled Tesla’s stock.

“I have no intention of speaking to him,” Trump told NBC News’ Kristen Welker in an interview Saturday, dampening hopes that they could soon reconcile amid reports that White House aides attempted to schedule a peacemaking call.&n🐲bsp;Asked if their relationship was over, Trump said "I would assume so."

Trump warned Musk, who this week on his social media network X floated the notion of "a new political party in America," not to shift support to Democrats challenging Republicans who backed the president’s signature budget bill, dubbed the "澳洲幸运5官方开奖结果体彩网:One Big Beautiful Bill.”

“He’ll have to pay very serious consequences if he does 🌄t☂hat,” Trump said. 

Morgan Stanley analysts 澳洲幸运5官方开奖结果体彩网:told clients in a note Friday that a deteriorating relationship between Musk and Trump could further dent Tesla's sales, as it "could poteꦏntially (temporarily) alienate multiple si🅘des of the political spectrum." 

The electric vehicle maker has 澳洲幸运5官方开奖结果体彩网:seen sales drop in the U.S. and 澳洲幸运5官方开奖结果体彩网:other markets this year 澳洲幸运5官方开奖结果体彩网:amid a political backlash to Musk's role leading the Trump administration’s cost-cutting Department of Government Efficiency. Tesla’s stock had gained after Musk in April said he would 澳洲幸运5官方开奖结果体彩网:scale back his government work, and left the Trump administration last month. 

Though Tesla shares rebounded to post gains Friday, they failed to recover all of Thursday’s losses amid worries about Musk and Trump’s relationship. The stock has lost roughly one-quarter of its value in 2025 so far, with Thursday's drop pushing Tesla out of the 澳洲幸运5官方开奖结果体彩网:$1 trillion market cap club.