$BTC BTC President Donald Trump stated that Elon Musk will face "very serious consequences" if the billionaire and tech mogul funds Democratic Party candidates who challenge lawmakers supporting the Republican tax and spending bill.

In a phone interview with Kristen Walker of NBC News, Trump also said he has no desire to restore relations with Musk. They had a public spat on Thursday.

"I gave him breaks in my first administration and saved his life in my first administration. I am not going to talk to him," Trump said in the interview, calling Musk's behavior "disrespectful" and stating that, in his opinion, the relationship is over.