In an interview with NBC News, the president also said he assumes his relationship with the tech billionaire is over after their recent falling-out.

An intense public feud erupted on Thursday between President Donald Trump and his one-time ally, billionaire Elon Musk, with an argument about Trump’s massive tax and domestic policy bill raging across social media and in the Oval Office.

President Trump weighed in on Elon Musk's suggestion about creating a "new political party" in the wake of their rift.