Tesla stock (TSLA) has been under pressure for months, weighed down by concerns over the electric vehicle maker's profitability, a delayed robotaxi timeline, and questions about CEO Elon Musk’s focus.

Tesla's first-quarter earnings report itself was a disaster, but Musk gave investors some much-needed good news on the conference call.

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.