Tesla shares moved lower in early Wednesday trading after the carmaker posted a weaker-than-expected tally of first quarter deliveries amid slumping EV sales and coordinated protests tied to Elon Musk's political role in the White House.

Wall Street is bracing for Tesla to report a drop in first-quarter vehicle deliveries on Wednesday, but analysts and investors cannot agree on how bad the decline would be. An average of 15 analysts who lowered their forecasts in the past 30 days expect deliveries to drop 3.

The decline in Tesla’s delivery numbers over Q1 came despite deep discounts, zero financing and other incentives.