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.

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,

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

Are Elon Musk and Donald Trump friends again? A timeline of their bitter feud and fallout - Here’s a breakdown of the drama that has unfolded so far

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.

About a month after President Donald Trump threatened Elon Musk’s government contracts, he has now reversed course in a message that surprised supporters and critics alike. The South African-born billionaire was an outspoken MAGA supporter and invested millions in Trump’s presidential campaign before their bitter breakup.