Electric vehicles are expected to take a hit under the existing reconciliation budget proposal, but that isn’t the only provision that would seemingly hurt Elon Musk and his business if passed as written.

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, a day after his public spat with his close adviser and Tesla CEO Elon Musk.

Shares of Tesla dropped on Thursday as Trump responded to Elon Musk's criticism of the budget bill.The stock fell as much as 11% as the president and the Tesla CEO traded barbs.Tesla shares are down 24% year-to-date.