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.

Mr. Trump volleyed back with attacks on Truth Social, claiming that he asked Musk to leave his administration and upset him with the legislative proposal ending the tax credits for electric vehicles.

President Trump's feud with Elon Musk continues to play out in the public eye. Trump had a warning for the world's richest man. CBS News Reporter Ali Bauman explains.