Tesla vehicles, charging stations, and dealerships have been targeted in a campaign of attacks in recent weeks, ranging from graffiti to firebombing Tesla vehicles. The attacks come as left-wing activists express their frustrations over Musk’s large role in the Trump administration, launching protests across the country.

The New York pension system’s Tesla holdings have been duly affected. Its Tesla holdings dropped by 34% between Dec. 31, 2024, and March 28 — from $1.26 billion to $831 million.

New York City Comptroller Brad Lander is looking to mount a major legal response to Musk’s impact. In a Monday letter to the New York City Law Department, viewed by the New York Times, Lander argued that Musk was “promoting policies” at DOGE that hurt the company and “effectively quitting his job at Tesla.”

“As the market has learned the truth, bit by bit, that Musk has in fact abandoned Tesla in favor of DOGE, where he was taking actions that alienated Tesla’s consumer base and causing Tesla’s sales to severely decline, the share price has dropped in response,” Lander wrote.

The letter was addressed to Muriel Goode-Trufant, the corporation counsel for New York City, making the letter a likely precursor to a lawsuit.

The Washington Examiner reached out to Lander for comment.

In an interview with the New York Times, Lander said the company falsely claimed Musk spent “significant time on the company and is highly active.”

“No other corporate board allows the CEO to barely show up for work,” he said.

Lander is also running for mayor of New York, but he is far behind in the polls to former Gov. Andrew Cuomo.

Musk has acknowledged that his work with DOGE has negatively impacted Tesla’s finances, blaming the campaign of violence against Tesla properties.

“My Tesla stock and the stock of everyone who holds Tesla has gone, went roughly in half,” he said at a Wisconsin town hall this weekend. “I mean it’s a big deal.”

According to Newsweek, Musk’s net worth has declined by roughly $121 billion since December 2024.

DOJ SEEKING 20 YEARS IN PRISON FOR ALLEGED TESLA DEALERSHIP BOMBER

Musk’s time as a special government employee at the agency is set to expire on May 31. President Donald Trump acknowledged Monday that he would have to leave DOGE “at some point” to run his companies.

“I think he’s amazing, but I also think he’s got a big company to run, and so at some point he’s going to be going back,” Trump said. “Oh, I’d keep him as long as I could keep him. He’s a very talented guy. … He’s done a good job. You know, DOGE is, we found numbers that nobody can even believe, like $400 billion, $500 billion — it could be close to $1 trillion by the time they end on different things.”