You will recall back in March 2025 the news reports of Gov. Tim Walz celebrating a brief drop in the stock price of Elon Musk’s electric car company, Tesla (ticker symbol TSLA). The Hill newspaper reported at the time.
Minnesota Gov. Tim Walz (D) told a crowd in Wisconsin on Tuesday that he boosts his mood by looking at Tesla stock, taking a shot at Elon Musk, the automaker’s CEO and the face of President Trump’s divisive cuts to government agencies.
Walz gloated,
“225 and dropping!” he added.
In classic Jim Cramer-style, Walz unwittingly called the bottom. Since his gloat, Tesla went on to see a record price per share of almost $499, a 122 percent increase from the Walz low (at last report the stock sits around $439).
In the Forbes real-time list of world billionaires, Musk has returned to his customary position of No. 1. And Walz? Just last week he was forced to abandon his 2026 re-election bid in the most humiliating fashion.
They say investing well is the best revenge. Last week, Musk announced a major new project. From the Associated Press (AP),
Elon Musk’s artificial intelligence company xAI is set to spend $20 billion to build a data center in Southaven, Mississippi, Gov. Tate Reeves announced Thursday, calling it the largest private investment in the state’s history.
Musk founded xAI as a private company three years ago, so you can’t yet buy any of its stock. No one, much less Musk, is investing in $20 billion projects in Minnesota.
The best Walz can manage as a growth engine is the ongoing scam of directing federal Medicaid dollars to Minnesota fraudsters, a scheme which may (finally) be coming to an end.
