The head of New York City’s pension funds threatened a shareholder lawsuit against Tesla, arguing that CEO Elon Musk’s leadership at the Department of Government Efficiency was hurting the stock. Violent attacks and negative attention toward Musk have taken a major financial toll on the company as Tesla stock has decreased in value by 40%

For Tesla investors, Elon Musk’s time matters more than quarterly deliveries. Tesla stock recouped its losses after announcing disappointing deliveries data following a Politico report that cited three unnamed Trump insiders who said the electric-vehicle maker’s CEO plans to step away from his government role in the coming weeks.

Tesla faces record sell-offs as buyers and investors flee Elon Musk’s embrace of Trump and his politics. View on euronews

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.

Mr. Musk’s involvement in right-wing politics contributed to a 13% drop in deliveries in the first quarter, including steep declines in E.V.-friendly places like Norway.

Deliveries of Elon Musk's Tesla vehicles dropped about 13% compared to a year ago, according to a new release from the company. The decline comes amid criticism of Musk and increased competition. On Wednesday,