Stock shares in Tesla jumped Wednesday after reports suggesting Elon Musk could leave the White House and his Department of Government Efficiency role. Tesla stock was up about 5% at one point during the day amid the reports that the White House called "garbage.

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.

"I think these are the worst quarterly production & delivery numbers I've ever seen for Tesla," wrote Omar Qazi, better known as @WholeMarsBlog.

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,

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

Tesla sales have plummeted to their lowest level in three years after a backlash against its boss Elon Musk. The electric car maker delivered almost 337,000 electric vehicles in the first three months of 2025, a 13% drop from a year ago. Tesla shares tumbled in early trading on Wednesday after the release of the unexpectedly low sales numbers.

Tesla Inc. investors shrugged off the company’s worst vehicle sales since 2022 and bid up its shares on hopes that Elon Musk will step back from his work for the Trump administration.

Tesla’s stock jumped Wednesday on a report that the electric vehicle maker’s CEO, Elon Musk, may exit President Donald Trump's Department of Government Efficiency.

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.

Musk's presence on the political scene has greatly—and negatively—impacted Tesla. Since Tesla stock hit an end-of-day record of $464 billion on December 17, closing at an all-time high of $480 per share, Musk's fortune has decreased by $121 billion.

In February, conservative influencer Ashley St. Clair, 26, filed a petition for sole custody of her child with Elon Musk, 53, who shared 13 other children with three other women.