Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition.

Musk has taken issue with the bill saying that it flies in the face of everything he thought he was supporting. Trump appointed Musk to head up the newly formed Department of Government Efficiency and was tasked with reducing “waste, fraud, and abuse” in government spending.

The billionaire and former Trump adviser suggested that if the domestic policy bill passed, he would swiftly form a new “America Party” and back primary challenges to Republicans.

(Reuters) -Billionaire Elon Musk reiterated his criticism of U.S. President Donald Trump's spending legislation on Monday, arguing that it underscores the need for a new political party. The Tesla chief slammed the "insane spending" of the bill,

Bloomberg's Ed Ludlow and Mike Dorning break down the latest tension between Elon Musk and Donald Trump, as disagreements over the 'Big Beautiful Bill' could have far reaching political implications.

Ahead of the vote, Musk continued his long-time opposition to the bill, and vowed to create a new rival political party, titled the America Party, should the Republicans pass it. “If this insane spending bill passes,

Elon Musk's feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party, and Trump suggesting Musk could be punished for his opposition.