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."

President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.

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

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.

The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits fell sharply again in the latest quarter.

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

Tesla will release its second quarter earnings on its website after U.S. markets close on Wednesday at 4:00 p.m. ET (2000 GMT). Company executives, including Musk, will hold a live Q&A webcast at 5:30 p.m. ET (2130 GMT). The automaker has invited retail investors to submit and upvote questions online.

The CEO is already eyeing expansion for his Tesla Diner dishing merchandise and food served by Optimus robots.