When Minnesota Governor Tim Walz needs a pick-me-up, he checks the current decline in Tesla’s stock price. That’s somewhat weird, but he’s just pandering to the hatred of Elon Musk that anyone can half a brain ca see all around us.
Does Walz celebrate the war now being waged on Tesla dealerships too? It can’t be good for Tesla’s stock. I doubt that’s a question he’ll field from the local press any time soon.
As Minnesota governor, Walz is chairman of the Minnesota State Board of Investment. As of June 2024, according to the state board’s asset listing, it held 1,615,511 shares of Tesla common stock. Is he celebrating the decline in value of Tesla stock as chairman of the state board? Assuming the state board still holds Tesla common stock, someone in the news business really ought to ask him.
As of June 2024, the market value of the state board’s holdings in Tesla was up more than $150,000,000 and, if my math is mathin’ (which it may not be), it appears to have increased since then. Is that good or bad? Someone in the news business really ought to ask him. However, if the state board still holds the stock, he would not take questions along this line well. That much I can tell you.
The Star Tribune had two reporters on its story quoting Walz’s Tesla tirade, but no information about the current level of the state board’s investment in Tesla. The state board’s holdings and values are as of June 2024 are posted here.
The Star Tribune quotes Walz attacking Musk as an “unelected nepo baby.” In the 2024 presidential campaign Walz found it most convenient to dub himself a “knucklehead” in order to minimize the blatant dishonesty of statements he has made in the course of his overlong political career. Characterizing Elon Musk as a “nepo baby” may be his stupidest statement yet.
Fox News national correspondent Bill Melugin got me thinking about all this. Mister, we could use a man like Bill Melugin in the Minnesota press. Townhall’s Jeff Charles also has a good compilation of responses to Walz, including one by Musk himself.
As Gov. Walz gloats about Tesla stock dropping, records from the Minnesota State Board of Investment show that as of 6/30/24, the state of Minnesota had 1.6 million shares of Tesla in its retirement fund, and 211,000 shares of Tesla in its non-retirement fund. I’ve reached out to… https://t.co/W0EA0cPASS pic.twitter.com/r1obVBpfU7
— Bill Melugin (@BillMelugin_) March 19, 2025
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