Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition.

Here are the key quotes to understand how the past 24 hours (and counting) unfolded between the president and Elon Musk over the Big, Beautiful Bill.

Joe Gebbia, a confidant of the technology billionaire and a Tesla director, is also a leader of the federal cost-cutting team. The fight might put him in a bind.