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 focus on automation comes amid weak EV sales in the US and Europe, where Tesla has lost market share to rivals such as BYD and Volkswagen. As per Reuters, Musk’s public political endorsements in Europe have alienated some consumers, adding to sales headwinds.

The electric vehicle revolution has created massive winners, but the next decade could see a dramatic reversal of fortunes. One overlooked giant is already laying the groundwork.

The company said its timeline for Robotaxi launch had been moved up and the service could launch as soon as Friday.

Tesla shares took a hit Thursday after the company reported a 16% decline in automotive sales and a 12% decline in total revenue for the second quarter compared with one year ago.

Elon Musk had more bold projections for Tesla's robotaxi. But investors didn't get much insight on the Austin launch during Wednesday's earnings call.

Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.