Elon Musk is walking back a series of critical posts about President Donald Trump, admitting some of his tweets “went too far” after sparking viral backlash.

Elon Musk reportedly called President Donald Trump days before tweeting his regret of their escalating feud. In this file photo, Musk, left, and Trump attend a campaign event at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. (AP Photo/Alex Brandon, File) AP

Elon Musk posted multiple responses to a video of a Tesla emblazoned with the word "Robotaxi" in cyberpunk-style font driving around.

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.

Tesla faces an existential test this month as it aims to launch self-driving “robotaxis” in its home base of Austin, Texas, where public-safety officials are increasingly concerned about the state’s anti-regulation stance toward autonomous vehicles.

Tesla CEO Elon Musk said on X that the company has set a tentative date of June 22 for robotaxi rides for the public.

Bloomberg reported that the launch would be July 12th. But Tesla never confirmed it, and now Musk is saying the long-awaited robotaxi service will “tentatively” kick off in Austin, Texas, on June 22nd.

The timing for the Austin, Texas launch could change as Tesla is being “super paranoid about safety,” Elon Musk said.

If you are an investor interested in owning electric vehicle (EV) stocks, does the recent fall by Tesla mean it's time to move to buy competitors such as Rivian Automotive ( RIVN -1.49%) instead for your portfolio? Let's take a closer look at this smaller EV upstart and see if an answer presents itself.

Last week, a social media post from Elon Musk caused many people to stop what they were doing and look down at their phones. Even for the Tesla (TSLA) CEO, known for his controversial and bold opinions,