I'll continue to advocate for lower tariffs rather than higher tariffs, but that's all I can do,” Musk said about Trump’s tariffs.

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.

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.