Donald Trump tried to cut ties with Elon Musk’s SpaceX following their fallout, it has been reported. As Mr Trump’s relationship with his former “first buddy” descended into a bitter feud, the US president suggested he could save public money by terminating contracts awarded to Mr Musk’s companies.

The administration’s long-awaited AI Action Plan gives Silicon Valley the green light.

President Donald Trump and Amazon founder Jeff Bezos met each other at the White House in Washington, D.C, last week. The two high-profile individuals reportedly chatted for an hour, and details about the conversation have been kept strictly private.

Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.