Tim Walz cheers Tesla stock decline despite holding state shares
- Governor Tim Walz celebrated the decline in Tesla's stock price during a recent speech.
- Minnesota's state pension fund holds over 1.6 million shares of Tesla, putting retirees' funds at risk.
- Critics argue that Walz's comments are irresponsible and undermine the financial security of his constituents.
In the United States, Governor Tim Walz of Minnesota publicly expressed enjoyment over Tesla's declining stock price, stating that it gives him a little boost during his day. This statement raised eyebrows given that the state holds over 1.6 million shares of Tesla stock in its pension fund, leading to potential financial losses for Minnesota's retirees if the company continues to struggle. Amid the backdrop of various acts of vandalism against Tesla dealerships, commentators have criticized Walz's remarks as irresponsible, pointing out the economic impact on thousands of employees and the state's public sector retirement plans. Walz's comments came during a recent speech where he celebrated the stock's decline, which has seen a decrease of over 50% since December. His remarks reflect a divide in perceptions of corporate success and governance, especially against the backdrop of the ongoing economic challenges facing prescribed financial sectors. Other political figures, including venture capitalist Kevin O'Leary and CNN contributor Shermichael Singleton, echoed concerns regarding the governor's anti-Tesla sentiment and its ramifications for the state's financial wellbeing, with calls for uphold legal action against those vandalizing Tesla properties. As the situation unfolds, it raises questions about the balance between political rhetoric and responsibility towards constituents' financial stability.