Tesla CEO Elon Musk said over the weekend that his involvement in the Trump administration could be hurting the automaker's stock price.Speaking at a town hall event in Wisconsin, Musk said that backlash to his role with the so-called Department of Government Efficiency — which is pushing for widespread government job cuts — is creating backlash against his electric car company and hurting the stock.

The plan for a day of mass demonstrations follows a series of violent incidents. Anti-Musk activists have been accused of throwing Molotov cocktails at Tesla facilities in Colorado, Nevada and Oregon and defacing Tesla vehicles there, and on Monday, authorities said they found multiple “ incendiary devices ” at a Tesla location in Texas.

Crowds have protested billionaire Elon Musk’s purge of the U.S. government under President Donald Trump outside Tesla dealerships throughout the U.S. and in some cities in Europe.