Tesla now faces headwinds from the president Musk helped elect. Trump, a frequent EV critic, has called for scrapping EV subsidies and policies that have added billions of dollars to Tesla’s bottom line. Musk has dismissed the impact on Tesla of losing subsidies, saying rivals would suffer more.

Elon Musk visited the National Security Agency on Wednesday, current and former U.S. officials said, meeting with leadership a week after saying the intelligence and cybersecurity outfit needed an overhaul.