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Walz celebrated Tesla stock price fall — Minnesota owns over a million shares...

Walz celebrated Tesla stock price fall — Minnesota owns over a million shares

While Gov. Tim Walz (D-MN) celebrated after Tesla’s stock tumbled, his constituents could see financial losses if Elon Musk’s electric vehicle company experiences a serious downturn.

Walz told a crowd on Tuesday that he enjoyed checking to see how Tesla’s stock is doing because seeing the stock fall gives him “a little boost during the day.”

Minnesotans’ retirement funds are not getting a boost as the Tesla stock price has dropped by over 50% since December, since the state holds well over 1 million shares according to the latest records.

In June 2024, the Minnesota State Board of Investments released a report showing the state held 1.6 million shares of Tesla stock in its retirement fund. Minnesota also held over 211,000 shares of Tesla in its non-retirement fund, records show.

Venture capitalist Kevin O’Leary, known for starring on Shark Tank, raised concerns that Walz’s anti-Tesla rhetoric undermines Minnesota’s pension plan.

“That poor guy didn’t check his portfolio and his own pension plan for the state. It’s beyond stupid what he did,” O’Leary said during a CNN panel this week. “What’s the matter with that guy? He doesn’t check the well-being of his own constituents.”

🚨Kevin O’Leary blasts “Bozo” Tim Walz over rooting for Tesla stock to crash — while his state’s pension plan owns it:

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