In an escalation of Elon Musk’s fractured relationship with President Donald Trump and his Republican allies, the Tesla CEO has floated the idea of starting a new political party to rival the two-party system.

Trump added that he has "no intention of speaking" to Musk anytime soon, saying "I’m too busy doing other things.”

Musk attacked Trump directly over his signature spending bill for the first time Thursday, sparking an explosive back-and-forth.