In a deepening public feud, Elon Musk has fired back at President Donald Trump’s assertion that his companies will continue to enjoy federal subsidies, with the tech billionaire stating unequivocally that these incentives have already been scrapped.

President Donald Trump on Thursday said the U.S. will not be pulling its subsidies of Elon Musk’s companies, despite earlier threats to do so and White House press secretary Karoline Leavitt’s Wednesday indication that the U.

Musk insisted that his companies are not receiving any special government subsidies, as he appeared to dismiss the chance for a potential detente in his feud with Trump.

What is going on in the feud? - From feuding to friends to feuding again, the relationship between the two billionaires has been turbulent, to say the least.

President Trump said Thursday he has no interest in stripping Elon Musk-owned companies of billions in federal money — adding that he wants the former “first buddy” to “thrive.” “Everyone is stating that I will destroy Elon’s companies by taking away some,

The richest man in the world feuding with the president could have economic ramifications. Two money experts talked about what that could mean for investors.

Musk, who has been floating the idea of creating a third political party for weeks in the wake of his split with the president, reignited the push over the weekend after the passage of Trump's sweeping tax cut and spending bill -- which Musk railed against over its estimated impact adding trillions to the national debt.

Shares of Tesla tumbled 8% at the opening bell Monday as the feud between CEO Elon Musk and Trump reignited over the weekend.Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spending bill that passed late last week.

Elon Musk was referring to an earlier post by Donald Trump on Truth Social, which claimed that he wanted the Tesla CEO to “THRIVE”.