"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.

Tesla lost $380 billion after Elon Musk blasted Trump's tax bill as a 'disgusting abomination,' triggering the worst crash in the company's history

Musk’s recession prediction comes during a delicate at a time when the President’s economic agenda is the source of growing concern among executives, including JP Morgan Chase CEO Jamie Dimon, who warned last week of a “crack in the bond market” as investors get skittish about the fiscal solvency of the U.S.