Trump fired back on his own social media site, Truth Social, that the “easiest way to save money” would be to “terminate Elon’s Governmental Subsidies and Contracts.” Back on X, Musk said: “Go ahead, make my day.”

Their meeting comes after Trump announced a travel ban for 12 countries as part of an immigration crackdown.

Donald Trump threatened on Thursday to cut off government contracts to Elon Musk's companies and the world's richest man suggested the U.S. president should be impeached, marking a stark end to an unlikely alliance and leaving onlookers wondering what was next.

At a celebratory rally after Trump’s inauguration, Musk’s White House career got off to a contentious start when he seemingly offered a straight-arm salute at the Capitol One Arena in Washington, D.C., as he excitedly told the crowd: “My heart goes out to you.”

Separately, White House aides, after working to persuade the president to temper his public criticism of Musk to avoid escalation, scheduled a call Friday with the billionaire CEO of Tesla to broker a peace.