Tesla closed down more than 14% as a disagreement over the U.S. president’s budget bill turned nasty. After Musk said that Trump wouldn’t haven’t gotten elected without his help, Trump implied that he may turn the federal government against his companies, including Tesla and SpaceX.

President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his giant tax bill, a person familiar with the matter said.

WASHINGTON (AP) — President Donald Trump said Thursday he’s “disappointed” with Elon Musk after his former backer and advisor lambasted the president’s signature bill. Trump suggested the world’s richest man misses being in the White House and has “Trump derangement syndrome.”