President Trump suggested he could cancel billions of dollars of government contracts with Elon Musk's companies, accusing his former adviser and biggest political donor of going "crazy."

Why it matters: The close relationship between two of the most powerful men in the world is imploding in real time, triggered by Musk's scathing criticism of Trump's signature legislation. • Musk escalated the conflict dramatically with a tweet Thursday claiming that "Trump would have lost the election" without him. • "Such ingratitude," Musk added, before unleashing a barrage of additional tweets insulting Republicans and floating a new political party.

The latest: "Elon was 'wearing thin,' I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else w

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