Tesla CEO Elon Musk claimed Thursday that the government is withholding full disclosure of Jeffrey Epstein documents because they mention President Donald Trump, marking a new low in the fallout between the former allies.

"Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!" Musk wrote on X. "Mark this post for the future. The truth will come out.”

Musk and Trump have been exchanging increasingly pointed barbs on Thursday after the tech billionaire left the administration and went on to rally opposition to Trump's massive spending and tax bill.

Trump earlier Thursday hinted that he may retaliate against his once-close aide by cutting billions of dollars in government funding for Musk's companies.

"The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts," he said in a social media post. "I was always surprised that Biden didn’t do it!"