Tim Walz Criticized for Comments Targeting Elon Musk as Minnesota Retirees Face Financial Risk
In a move drawing sharp criticism from conservatives and financial experts alike, Minnesota Democrat Governor Tim Walz is walking back remarks celebrating the recent drop in Tesla’s stock price — even as it was revealed that Minnesota’s state pension fund holds millions in Tesla shares.
Walz Admits Enjoying Tesla Stock Slide, Targets Elon Musk
During a recent town hall in Wisconsin, Governor Walz openly admitted that he downloaded a stock-tracking app on his iPhone specifically to monitor and, in his own words, “get a little boost” from watching Tesla shares fall.
“I added Tesla to it to give me a little boost during the day — $225 and dropping,” Walz said with a chuckle.
His comments came amid growing left-wing hostility toward Elon Musk, who has become a champion of free speech and a frequent critic of progressive politics. Musk’s leadership at Tesla and X (formerly Twitter) has made him a target of Democrat elites — but also a hero to millions of Americans who value innovation, independence, and accountability.
Elon Musk Targeted by the Left as Tesla Faces Stock Market Pressures
Tesla’s recent dip in stock performance — dropping from around $480 in December to $226 last week — has been linked to political backlash and coordinated media attacks, particularly over Musk’s work involving Dogecoin (DOGE) and other crypto ventures.
But while progressives might celebrate these short-term losses, average Americans — including many retirees — are the ones who stand to lose the most.
Minnesota’s Retirement Fund Invested in Tesla: Taxpayers on the Hook
What Walz failed to mention during his jab at Musk was that the Minnesota State Board of Investment holds approximately 1.8 million shares of Tesla stock — a key component of the state’s public pension fund.
That means teachers, law enforcement officers, and everyday Minnesotans saving for retirement are directly affected by the stock’s performance. Walz’s flippant remarks hit close to home for those relying on these investments for their financial future.
Facing Backlash, Walz Tries to Backpedal — But Doubles Down on Musk Criticism
After a viral video of the comments sparked outrage online, Walz attempted to downplay the incident during an appearance in New York.
“I was being a smartass,” he said. “These people have no sense of humor… They’re all mad.”
Walz even admitted that Musk “bugs me in a way that’s probably unhealthy,” reinforcing the personal nature of his political attacks on one of America’s leading entrepreneurs.
Conservatives Sound the Alarm: Why Is a Governor Rooting Against American Innovation?
Across the country, conservative voices are asking a critical question: Why is a sitting governor cheering against U.S. companies and American retirement investments?
As millions of Americans monitor their investment portfolios, retirement savings, and stock market news, comments like these raise serious concerns about how partisan politics is interfering with financial security and economic growth.