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.

Musk's reaction surprised market participants, especially considering he had reportedly invested nearly $300 million

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.

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

A small group of Tesla owners in France is suing the carmaker run by Elon Musk, alleging its vehicles have become "far-right totems" that are harming their reputation, the law firm representing the group said on Wednesday.

Baird downgraded shares of Tesla from "Buy" to "Neutral," saying the Musk-Trump spat has led to more uncertainty and the potential for brand damage.

Optimus unites all the attributes Elon Musk loves in a killer product—one identical set of hardware that can be affordably produced at scale, yet capable of meeting various needs through intelligent software features.