Tesla’s stock is rising as investors cheer Musk’s renewed focus on the company. But there are various challenges ahead, including tariffs, an evolving EV market and a history of delays on new products.

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits. Tesla struggled to sell vehicles as it faced angry protests over Musk’s leadership of DOGE,