Trump admin live updates: Trump says Musk will 'pay the consequences' if he funds Democrats

Amid the fallout between President Donald Trump and Elon Musk, House Speaker Mike Johnson told ABC News Friday he was disappointed and surprised by the billionaire's tirade against the president.

However, he said he hopes the two reconcile.

"I was with the president in the Oval Office yesterday afternoon as some of this was unfolding, and I can tell you he, as he said in his own words, he was just disappointed, and I was, too. I'm surprised by Elon's sudden opposition, and look, I hope they reconcile. I believe in redemption." Johnson said.

But, without naming Musk, the speaker issued a stark warning.

"But I'll tell you what, do not doubt and do not second-guess, and don't ever challenge the president of the United States, Donald Trump. He is the leader of the party. He's the most consequential political figure of this generation in probably the modern era, and he's doing an excellent job for the people," he said.

-ABC News' Lauren Peller, Arthur Jones II and Jay O'Brien

President Donald Trump is considering either giving away or selling the red Tesla he purchased to support Elon Musk, a senior administration official told ABC News.

The Tesla was parked on West Executive Avenue on Thursday.

--ABC News' Rachel Scott

Late Thursday evening, Vice President JD Vance expressed his support for the president amid the public dispute between Donald Trump and Musk.

"President Trump has done more than anyone in my lifetime to earn the trust of the movement he leads. I am proud to stand beside him," he wrote on social media.

-ABC News' Kelsey Walsh

Just hours after accusing President Donald Trump of appearing in the Epstein files, Elon Musk is showing signs of softening his tone, even appearing to agree with a post on X calling for the two to "make peace."

The first sign Musk may be starting to walk things back came thanks to an account with -- at the time -- about 140 followers on X who suggested to "cool off" and "take a step back." The post led Musk to reverse his threat to decommission the spacecraft used to transport astronauts and supplies to the International Space Station -- a threat Musk had made just hours earlier.

Musk then wrote that he agreed with a post by hedge fund manager Bill Ackman saying Trump and Musk should "should make peace for the benefit of our great country." Musk responded: "You're not wrong."

-ABC News' Will Steakin