"Milei gave me the chainsaw backstage and I ran with it," Musk wrote on X.

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.

According to reports, Tesla's stock slid more than 5% by the end of the trading day, with market watchers pointing to concerns about potential cuts to federal support.