Elon Musk says he regrets some of his jabs at Donald Trump and Rep. Mikie Sherrill and Jack Ciattarelli win their primaries for the New Jersey governor's race.

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.

The billionaire posted on social media “I regret some of my posts about President Donald Trump last week. They went too far."