There are various challenges ahead, including tariffs, an evolving EV market and a history of delays on new products.

Tesla’s profit slid last quarter, as the company struggled to overcome a reputational hit from Chief Executive Elon Musk’s polarizing role in the Trump administration. Musk said he would devote less time to his work at the Department of Government Efficiency from next month,

Tesla CEO Elon Musk said his role as a special government employee will take much less of his time beginning very soon. The company also said it is on track to add a lower-priced vehicle to its lineup within the next two months.