President Donald Trump's threat to cancel Elon Musk's government contracts would have far-reaching implications, experts said.

Steve Bannon, a former adviser to President Trump and a vocal critic of Elon Musk, urged Trump to retaliate against the SpaceX leader by targeting his business. Bannon said on his “War Room Live” show

Elon Musk said SpaceX would decommission its Dragon spacecraft "immediately" after Trump threatened his government contracts in their online feud.

Elon Musk stands to lose billions of dollars in his fight with President Donald Trump. The feud between Musk and Trump could mean Tesla’s plans for self-driving cars hit a roadblock.

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

Tesla is no longer hot, the president says. 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,