Tesla’s stock (TSLA) surged on a report that Elon Musk is leaving the Department of Government Efficiency (DOGE) soon.

What began as localized demonstrations outside Tesla showrooms has evolved into a broader movement. Today the EV manufacturer announced their deliveries 13% in Q1.

Tesla sales dropped by nearly 13 percent in the first three months of the year amid a broader backlash against CEO Elon Musk and his leadership of President Trump’s Department of Government Efficiency (DOGE).

New York City Comptroller Brad Lander has asked the city, which is a major Tesla shareholder, to sue Tesla and CEO Elon Musk over alleged breaches of fiduciary duties. Lander asked the New York City Law Department to pursue securities litigation against Tesla on behalf of the New York City pension systems, which owns 3 million shares in Tesla.

Tesla's first-quarter deliveries came in below analysts' expectations and represented a decline of 50,000 vehicles from a year ago, as Elon Musk's political role has drawn protests.

Tesla reported almost 336,700 Q1 vehicle deliveries, missing analyst expectations. That's 13% lower YoY and the worst quarterly data since 2022.

Tesla shares fell Wednesday after the electric vehicle maker's first-quarter deliveries came in below analysts' expectations.

Tesla sales fell in the first three months of the year in another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.