Here's your Forbes Daily Briefing for Sunday, April 27th.

Today on Forbes, Elon Musk is running out of ideas to save Tesla.

This past week, Tesla posted its worst quarterly results in four years.

Sales were down 9%.

Income plummeted 71%, hurt by a 20% drop in automotive revenues.

And given tariffs and rocky market headaches, the company didn't bother giving sales targets for the rest of the year.

But the stock rallied as investors cheered one thing.

Elon Musk says he'll soon step back from his duties gutting

the federal government through Doge and return to running the show at Tesla in a more full-time

capacity, accepting his other responsibilities at SpaceX, X-AI, and Neurrelink. However, that's not

the cure-all investors seem to think it is. The problems Tesla now

faces have been exacerbated by Musk joining the Trump administration as a special government employee.

Those problems include declining profit margins, intensifying competition, and a tarnished brand image. And they show no signs of disappearing

anytime soon, even if Musk becomes a more active CEO again. Worse, it's becoming clear Musk has

run out of ideas for how to fix them, instead fixating on an uncertain future focused on

robo-taxies and humanoid robots.

For now, Tesla profits from selling cars and battery storage systems, and both businesses,

are in trouble. It has no successor to monster sellers like the Model Y and Model 3.

At the same time, it's about to get hit by President Trump's tariffs, which are expected

to chill auto sales across the industry. Worse for Tesla, though, a coming 145% tariff on imported

Chinese battery sales is set to hammer the company's battery pack business, one of the only

bright spots last quarter. Musk downplayed these

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