Tesla shares tumble $150bn as Trump feud with Elon Musk intensifies

Trump and Musk’s once-close alliance has erupted into personal attacks, Epstein claims, and threats to federal funding

President Donald Trump speaks during a news conference with Elon Musk in the Oval Office of the White House on Friday (Evan Vucci/AP)

President Donald Trump has threatened to cut Elon Musk’s government contracts as their fractured alliance rapidly escalated into a public feud, with Mr Trump suggesting he would use the US government to hurt his fellow billionaire financially.

Mr Musk claimed that Mr Trump’s administration has not released all the records related to sex abuser Jeffrey Epstein because Mr Trump is mentioned in them.