The feud between President Donald Trump and Tesla CEO Elon Musk, which has weighed on the shares of the latter’s electric-vehicle venture, Tesla, Inc. (TSLA), continues to play out. In his latest salvo,

US President Donald Trump on Sunday slammed former ally Elon Musk's launching of a new political party as "ridiculous," deepening the Republican's feud with the man who was once his biggest backer. Trump also branded the SpaceX and Tesla tycoon a "TRAIN WRECK" who had gone "off the rails" after Musk said he wanted to challenge the current US political system.

US President Donald Trump has blasted Tesla CEO Elon Musk’s idea to create a third political party. Musk’s newest idea is another chapter in the pair's back-and-forth following the billionaire’s time as the head of DOGE. President Trump was asked about the formation of Musk’s new third party, where he labelled it “ridiculous”.