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A Joke Gone Wrong: Walz Explains His Remarks on Tesla
Minnesota Governor Tim Walz has walked back his recent comments about Tesla’s stock, insisting that his remarks were meant as a joke. Speaking at an event in New York, Walz expressed frustration over the reaction, stating, “I have to be careful about being a smarts. I was making a joke. These people have no sense of humor.”
His initial statement, posted on X last week, read: “If you need a little boost during the day, check out Tesla stock.” Accompanying the post was a video where he explained how he added Tesla to his iPhone stock app to watch its price fluctuations. Mocking the company’s performance, he remarked, “$225 and dropping,” and even joked that Tesla owners could remove their car’s emblem using dental floss.
Kevin O’Leary Slams Walz’s Remarks
The governor’s words quickly sparked criticism, most notably from Shark Tank investor Kevin O’Leary. O’Leary, speaking on CNN, called the comments “beyond stupid” and pointed out that Minnesota’s State Board of Investments holds 1.6 million Tesla shares in its retirement fund.
“That poor guy didn’t check his portfolio and his own pension plan for his state,” O’Leary said. “What’s the matter with that guy? He doesn’t check the well-being of his own constituents? What a bozo.”
Walz Doubles Down on Musk Criticism
While acknowledging that he “probably shouldn’t have” made the comments, Walz didn’t entirely back down. Instead, he continued to criticize Elon Musk, taking issue with his involvement in the Department of Government Efficiency (DOGE).
“They’re all butthurt about the Tesla thing, but they don’t care about the disrespect they have shown to employees at the Minneapolis VA who care for our veterans,” Walz argued. He further suggested that Musk, as the world’s richest man, should be more focused on philanthropy, saying, “Maybe it’s just me, but if I’m the richest man in the world, I’m out on the streets handing out money. It’d be fun as hell just to help people out. Go help people out. Not this guy.”
What Undercode Says:
Political Humor vs. Economic Responsibility
Governor Walz’s comments highlight an ongoing tension between political humor and economic responsibility. His attempt at a joke inadvertently turned into a serious discussion about state investments and financial oversight. While political figures often use humor to connect with audiences, making light of stock market performance—especially when it affects state pension funds—was bound to raise eyebrows.
Kevin O’Leary’s Harsh but Fair Critique
Kevin O’Leary’s criticism, though blunt, raises a valid point: a governor should be aware of how state investments are impacted by their public statements. The Minnesota State Board of Investments’ 1.6 million Tesla shares directly affect retirees and government employees. In that light, a public official joking about declining stock prices, even in jest, seems reckless.
Elon Musk: A Polarizing Figure in Politics
Walz’s additional criticism of Musk reflects a broader sentiment among some political leaders. Musk has become a divisive figure, admired by many for his innovation but also criticized for his business practices and political statements. Walz’s frustration likely stems from a deeper ideological disagreement rather than just Tesla’s stock performance.
Should Billionaires Be More Charitable?
The governor’s remark that “if I’m the richest man in the world, I’m out on the streets handing out money” is an interesting perspective on wealth distribution. While some billionaires, like Bill Gates and Warren Buffett, actively donate large portions of their wealth, Musk’s approach has been different—focusing on ambitious projects like space travel and AI. Whether Musk should prioritize philanthropy over innovation is a debate with no clear-cut answer.
Did Walz Misstep or Expose a Real Issue?
Ultimately, Walz’s remarks may have been poorly phrased, but they highlight a genuine concern about corporate influence and government accountability. His broader point—about Musk’s business practices and their impact on workers—may be worth discussing. However, his delivery risked overshadowing that message with unnecessary controversy.
Fact Checker Results:
- Walz’s Tesla stock comments were indeed a joke – but they were still seen as insensitive due to the state’s investments.
- Minnesota holds 1.6 million Tesla shares in its retirement fund, confirming Kevin O’Leary’s criticism.
- Elon Musk’s involvement with the Department of Government Efficiency (DOGE) is unclear, as DOGE appears to be a satirical reference rather than an official agency.
References:
Reported By: https://timesofindia.indiatimes.com/technology/tech-news/tim-walz-does-a-u-turn-on-his-tesla-stock-joke-after-shark-tank-investor-calls-him-to-check-his-portfolio-and-pension-fund/articleshow/119405087.cms
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