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00:00After days of simmering tension, today was an all-out brawl on social media.
00:05At first, they came to blows over the so-called Big Beautiful Bill,
00:08the Trump-backed budget that gutted incentives for electric vehicles.
00:11Bad news for Musk's company, Tesla, the very same car Trump paraded on the White House lawn
00:17this spring. Musk called the budget bill an abomination that would add $2.5 trillion
00:22to the national debt and told his followers to kill the bill.
00:26Last week, a week ago, Trump celebrated Musk's work with Doge in the Oval Office.
00:31He said the most beautiful things about him. And he hasn't said bad about me personally,
00:35but I'm sure that'll be next. But I'm very disappointed in him.
00:40Musk now claiming President Trump would have lost the election without his help.
00:45The tech billionaire poured more than $250 billion into Trump's campaign,
00:49but now the president likens him to another disgruntled former employee.
00:53Here's ABC Chief White House correspondent Mary Bruce. Mary.
00:58Tonight, the stunning collapse of an alliance between the president of the United States
01:02and the world's richest man, their relationship exploding in front of the world.
01:07In the Oval Office, President Trump for the first time addressing Elon Musk,
01:11who's been taking aim at Trump's budget bill, saying killed the bill.
01:15Elon and I had a great relationship. I don't know if we will anymore.
01:20For days, Musk has railed against the president's bill, calling it a disgusting abomination
01:25that would add $2.5 trillion to the national debt.
01:30Today, Trump accusing Musk of being out for himself,
01:32angry that the bill cuts the electric vehicle tax credits that benefit Tesla owners.
01:37I'm very disappointed because Elon knew the inner workings of this bill
01:42better than almost anybody sitting here, better than you people.
01:46He knew everything about it. He had no problem with it.
01:48All of a sudden, he had a problem, and he only developed the problem
01:51when he found out that we're going to have to cut the EV mandate.
01:53Musk left the administration just five days ago.
01:57He had a black eye.
01:58Trump revealing today, he offered Musk makeup.
02:01You saw a man who was very happy when he stood behind the Oval Desk,
02:06and even with the black eye, I said,
02:09do you want a little makeup? We'll get you a little makeup.
02:11But he said, no, I don't think so, which is interesting and very nice.
02:16He wants to be who he is.
02:18Musk spent more than $288 million to help elect Trump.
02:22The president says he could have won without him.
02:25I think I would have won. Susie would say I would have won Pennsylvania easily anyway.
02:29Musk watching today, furious, posting, quote,
02:32without me, Trump would have lost the election.
02:35The president gave Musk extraordinary power,
02:39allowing him to eliminate entire federal agencies
02:43and to fire tens of thousands of workers.
02:46But tonight, Trump portraying Musk as another disgruntled former employee.
02:50They leave, and they wake up in the morning,
02:54and the glamour's gone, the whole world is different,
02:57and they become hostile.
02:58The president says he's disappointed by this turn.
03:01I'm very disappointed in Elon. I've helped Elon a lot.
03:05Musk erupting to his more than 220 million followers.
03:09On Trump's claim he knew what was in the bill,
03:11Musk posting, false.
03:13This bill was never shown to me even once.
03:16The president firing back, posting Elon was wearing thin.
03:19I asked him to leave.
03:21And tonight, Trump is now threatening Musk's $20 billion in government contracts,
03:26saying the easiest way to save money in our budget,
03:28billions and billions of dollars,
03:30is to terminate Elon's governmental subsidies and contracts.
03:34Musk continuing to fire back late today,
03:37suggesting Trump's tariffs will plunge the nation into recession,
03:40even suggesting impeachment,
03:42and leveling a deeply personal attack.
03:45Time to drop the really big bomb.
03:48Donald Trump is in the Epstein files.
03:50That is the real reason they have not been made public.
03:52Have a nice day, DJT.
03:55Referring to Jeffrey Epstein, who was accused of sex trafficking
03:58and who took his life in prison.
04:00Late today, reporters asking the president.
04:02Mr. President, let me respond to Elon Musk.
04:04The president did not answer.
04:07And Mary Bruce joins us now.
04:09And Mary, Tesla isn't the only chess piece that Elon Musk is trying to play tonight.
04:14Yeah, DeMarco, tonight he is threatening to decommission his Dragon spacecraft.
04:18It's the only U.S. vessel that goes to and from the International Space Station.
04:22And take a look at this.
04:24This shows what happened as this feud escalated throughout the day.
04:27Tesla stock plunging down 14 percent.
04:30By the end of the day, the value of the company down some $150 billion.
04:35DeMarco.
04:36All right, Mary.