President Trump said he assumes his relationship with Elon Musk has ended and that he has no desire to repair it after the pair publicly fell out last week. • "I think it's a shame that he's so depressed and so heartbroken," Trump said of the billionaire in a phone call with NBC News' Kristen Welker.

The big picture: Trump's comments also came with a warning to Musk when the president said the Tesla CEO could face "serious consequences" should he fund Democratic candidates in the next election running against Republicans who vote for Trump's "big, beautiful bill." • The billionaire, who contributed more than $290 million to Republicans in the 2024 election but has since said he'd cut back on political spending, posted last week that politicians "who betrayed the American people" shoul

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