Tesla investors think Elon Musk has his work cut out for him once he steps back from DOGE.

Tesla profits have taken a plunge with the stock tumbling by more than 40 percent this year. Meanwhile, Elon Musk, on his company's earnings call on Tuesday, said that he will be stepping back from the White House DOGE office in May.

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.