Trump is looking to set the record straight on his stance on Elon Musk's companies. The president said he wanted Elon's businesses to "thrive."

Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings.

Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.

The Tesla CEO said the company expects to expand their autonomous driver service to include customer-owned cars.

Tesla points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.

Tesla CEO Elon Musk warned of challenges after the EV maker saw a 12% revenue drop to $22.5 billion in Q2, marking its worst quarter in years. The decline stemmed from lower vehicle deliveries and regulatory credit revenue,

Former President Trump discussed his relationship with Elon Musk after the Tesla founder denied a report that he would give $45 million a month to America PAC.