A group of New York lawmakers wants the state pension fund to sell off its large stake in Tesla Inc., the electric vehicle manufacturer controlled by billionaire Elon Musk. The lawmakers, citing concerns about Musk and Tesla’s plummeting stock price, asked state Comptroller Thomas DiNapoli to begin divesting the stock immediately.

Peaceful protesters assembled outside a Tesla dealership in White Plains to criticize Elon Musk and his Department of Government Efficiency.

Protesters gather at the Tempe Tesla dealership to denounce Elon Musk and his unelected role influencing the federal government through DOGE.

Wells Fargo recently downgraded its price target for the Elon Musk-led company to $130. At the time of writing, the stock is trading for $278.08, meaning Wells Fargo's revised target represents additional downside potential of -52.

Tesla shares surged 10% on Monday after this year's steep decline following reports the Trump administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2.

Cathie Wood’s Ark Investment Management LLC remains bullish on Tesla Inc. and expects the stock will hit $2,600 in five years, or almost 10 times its current price.