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

Tesla CEO Elon Musk said he will allocate far more time to the EV maker moving forward. Investors cheered, with the stock up despite weak Q1 earnings.

The electric vehicle Goliath has suffered a series of blows that have derailed its stock price, frustrated investors, and looted hundreds of billions of dollars off CEO Elon Musk's net worth. Much of the damage has arguably been self-inflicted.

Tesla ( TSLA 4.71%) stock gained ground today in the lead-up to its first-quarter earnings results, which were published after the market closed. The electric vehicle (EV) leader's share price ended the day up 4.8% amid a 2.5% jump for the S&P 500 and a 2.7% gain for the Nasdaq Composite.

U.S. stock index futures leapt on Wednesday after President Donald Trump pulled back on his threats to fire Federal Reserve Chair Jerome Powell and raised hopes for a trade deal with China. Shares of Tesla,