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

The feud reignited on Monday when Musk, who spent hundreds of millions on Trump's re-election, renewed his criticism of Trump's tax-cut and spending bill, which would eliminate subsidies for electric vehicle purchases that have benefited Tesla, the leading U.S. EV maker. That bill passed the Senate by a narrow margin midday Tuesday.

The billionaire SpaceX, Tesla and X owner who catapulted his zealous embrace of President Donald Trump into a powerful position slashing government spending now risks sweeping cuts to his own bottom line after resuming the feud that led to their very public bitter split last month.