Musk and Trump traded scathing missives on social media in early June. Trump has previously threatened to end government contracts with Musk's companies, saying during their June fallout that "the easiest way to save money" would be to "terminate Elon’s Governmental Subsidies and Contracts."

Tesla stocks have also been negatively impacted by the feud between Trump and Musk. At press time, Tesla stock (TSLA) has been down by over 5.72% in pre-market trading.