Electric vehicles are expected to take a hit under the existing reconciliation budget proposal, but that isn’t the only provision that would seemingly hurt Elon Musk and his business if passed as written.

After playing influencer-in-chief and hosting a car show in the South Lawn of the White House for the brand in March, Donald Trump is considering getting rid of his red Tesla, a day after his public spat with his close adviser and Tesla CEO Elon Musk.

Live Updates Live Coverage Updates appear automatically as they are published. Tesla Shares Up 3.9% in Premarket Trading 8:51 am by Eric Bleeker Tesla shares are up 3.9% as of 8:50 a.m. ET in premarket trading.