Failed vice-presidential candidate and Minnesota’s dimwitted Governor Tim Walz (D) took the stage in Wisconsin this week and proudly gloated about Tesla stock dropping, taking a petty swipe at CEO Elon Musk.
However in his smug try to attain political factors, Walz conveniently forgot one main element—Minnesota’s state pension funds maintain practically 2 million shares of Tesla inventory, totaling a whopping $361.5 million in belongings.
At an occasion Tuesday, Walz gleefully informed the group how he enjoys watching Tesla inventory drop on his iPhone.
“I used to be saying, on my telephone, I do know a few of you realize this on the iPhone, they’ve received that little inventory app.
I added Tesla to it to present me a little bit enhance throughout the day. $225 and dropping. When you personal one, we’re not blaming you. You may take dental floss and pull the Tesla factor off, you realize. Simply telling you.”
WATCH:
When you want a little bit enhance throughout the day, try Tesla inventory pic.twitter.com/KBEh6pOZLW
— Tim Walz (@Tim_Walz) March 19, 2025
Whereas he mocks Tesla’s inventory decline, his personal state has closely invested within the firm by means of public pension funds, straight impacting state workers and retirees.
In keeping with the MSBI Public Markets Asset Listing as of June 30, 2024, right here’s what Walz is cheering for:
- 1,615,511 shares of TSLA in retirement funds ($319,677,317 in worth).
- 211,332 shares of TSLA in non-retirement belongings ($41,818,376 in worth).
- Whole TSLA funding in Minnesota: 1,826,843 shares value $361,495,693.
Kevin O’Leary slammed Tim Walz’s absurd remarks about Tesla shares throughout his look on CNN.
“That poor man didn’t test his portfolio in his personal pension plan for the state,” mentioned O’Leary.
“It’s past silly what he did. He’s speaking down a three-and-a-half p.c weighting in his personal pension plan. I imply, what’s the matter with that man? He doesn’t test the well-being of his personal constituents within the state—that’s their funding fund. What a bozo!”
That’s proper—whereas Tim Walz performs politics and laughs at Tesla’s losses, Minnesota pensioners are those really paying the worth.
