"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.

Musk’s recession prediction comes during a delicate at a time when the President’s economic agenda is the source of growing concern among executives, including JP Morgan Chase CEO Jamie Dimon, who warned last week of a “crack in the bond market” as investors get skittish about the fiscal solvency of the U.S.

Elon Musk warns that Trump's proposed tariffs could lead to a recession by 2025, opposing the plan that threatens EV tax credits. The tensions escalated following Trump's criticism of Musk, who suggested forming a new political party to represent the middle class.