Tesla is likely to post its biggest drop in quarterly revenue in more than a decade on Wednesday, as the EV maker grapples with issues including increased competition, a lack of new models and consumer backlash against CEO Elon Musk.

Tesla CEO Elon Musk has once again captured public attention. After visiting Tesla's Design Studio in Hawthorne, California, he hinted at what he described as "Most epic demo ever by end of year," scheduled for late 2025.

While it has taken investors on a bumpy drive, no one can deny that Tesla ( TSLA -1.75%) has worked out to be a wildly successful stock. In the past 10 years, shares have rocketed 1,700% higher (as of July 10). The company's revenue growth has slowed, to be sure, but Tesla is now consistently profitable, which is a positive development.

Tesla CEO Elon Musk lashed out at Wedbush's Dan Ives after the analyst posted three board recommendations for the company on X, according to CNBC. Ives called for a new pay package giving Musk 25% voting control,

Tesla Inc.’s lightning quick rally over the past month is showing signs of unraveling as Wall Street warns that investors are too optimistic about the electric-vehicle maker’s artificial ...

The bill could be a crushing burden on a U.S. EV industry that is already struggling with consumer fatigue, high interest rates ... And they could easily put pressure on Tesla's sky-high valuation. Investors may want to stay away from the stock until ...

But Tesla's troubles, though levered to Musk, may be deeper than Musk's distractions, such as politics, gaming, and colonizing Mars. A record fourth quarter delivery report in January seemed to indicate all was well with Tesla, but it doesn't tell the full story.