Elon Musk recently took a jab at Minnesota Governor Tim Walz, calling him a “huge jerk” after Walz jokingly celebrated Tesla’s declining stock. Musk didn’t hold back during a recent interview with Fox News, expressing disbelief that Walz would find joy in Tesla’s struggles.
Musk said, “What an evil thing to do—what a creep. Who derives joy from that?” He highlighted that the Minnesota state pension fund is a major investor in Tesla, suggesting that Walz’s remarks were not just disrespectful but also irresponsible given the implications for Minnesota’s workers who rely on those investments.
At a town hall event in Wisconsin earlier this month, Walz had embarrassed himself by stating he checks the stock app on his phone to see Tesla’s stock dive whenever he needs a laugh. Though he later claimed his comments were meant as a joke during another town hall, he admitted that it may not have come off well.
This back-and-forth adds to the backdrop of Tesla’s turbulent stock performance, which has been on a downward trend due to various factors, including market conditions and Musk’s controversial business moves. In the past year, Tesla’s stock has dropped significantly—roughly 40% from its peak. Such volatility has raised concerns among investors and industry observers alike.
Experts note that stock market fluctuations like these can often be influenced by broader economic trends. For instance, rising interest rates and inflation have led many tech stocks, including Tesla, to face significant sell-offs. According to data from the market analysis firm FactSet, nearly 60% of companies in the S&P 500 have declined in value this year.
Recent user reactions on social media have also been mixed. Some people side with Musk, emphasizing the importance of responsibility in leadership, especially toward investors. Others feel that Walz was simply making light of a situation that many find amusing amid the seriousness of Tesla’s recent challenges.
Ultimately, this situation reflects a larger conversation about how public figures should behave regarding their comments on corporate performance. With many investors watching closely, it will be interesting to see how Musk and Walz navigate this fallout.
For deeper insights into stock market trends and other related discussions, check Fox Business for updates.
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Source linkelon musk,tesla,Tim Walz,stock market
