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The alliance between President Donald Trump and Tesla CEO Elon Musk dramatically fractured Thursday over the president's major tax bill , which is pending in the Senate.

Trump called Musk " crazy ," and threatened to cut off government contracts with the mega-billionaire's companies, which in addition to Tesla include the space exploration company SpaceX and the artificial intelligence company xAI.

Tesla's stock price plunged after Trump's comments and Musk said SpaceX would begin decommissioning its Dragon spacecraft "immediately" because of Trump's threats.

Trump said that Musk — who until recently was one of his top advisors — opposes the budget package because he is "upset" about the el

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