Musk’s management style has always been a lightning rod. His focus on speed and impatience allows him to advance technologies at a breakneck pace.

Tesla’s (TSLA) profit dropped 71 percent in the first quarter, marking yet another hurdle for the company as criticism of Elon Musk intensifies. Michele Schneider, chief strategist at MarketGauge, joined TheStreet to discuss the major challenges ahead for the company.

Tesla (NASDAQ: TSLA) stock hit a new record high shortly after President Donald Trump's election win last November because investors thought a friendlier regulatory environment could help the company bring its autonomous robotaxi and humanoid robot to market more quickly.