President Donald Trump on Saturday threatened “very serious consequences” against Elon Musk if the tech billionaire and former adviser were to fund any Democratic candidates, the latest escalation in rhetoric in the messy breakup between the two former allies.

President Trump threatened Elon Musk with "serious consequences" should he decide to fund Democrats in upcoming elections, the latest in the ongoing public spat between the world's richest man and the world's arguably most powerful one.

Last year alone, companies owned by Elon Musk were promised $3 billion across nearly 100 different government contracts with 17 federal agencies.