India, June 7 -- US President Donald Trump on Saturday warned Elon Musk of "serious consequences" if the tech billionaire goes on to finance Democratic candidates to run against Republicans who vote in favour of his tax cuts and spending bill.

"If he does, he'll have to pay the consequences for that," Trump told NBC News in a phone interview, though he did not elaborate on what those consequences might be.

"He'll have to pay very serious consequences if he does that," he added.

Trump also dismissed the idea of mending ties with Musk following their recent public feud.

When asked if he hoped to repair the relationship, he replied, "No." Asked if he considered their relationship finished, Trump said, "I would assume so, yeah."

In Satur...