Gov. Tim Walz, D-Minn., was Kamala Harris' running mate in 2024 and is thought to be weighing a 2028 presidential bid. (Getty Images)
But those diving stocks may actually be hurting Walz's constituents, according to a June 2024 report from the Minnesota State Board of Investment that shows the state held 1.6 million shares of Tesla stock in its pension fund.
As of March, Tesla's stock is down 41.4% year-to-date after a series of vehicle vandalism incidents linked to growing backlash against Elon Musk's role as head of President Donald Trump's Department of Government Efficiency (DOGE).
In response to Walz's comments, Trump's Rapid Response team wrote in a social media post, "When we need a little boost during the day at the White House, we walk around the corner from our office and admire these beautiful portraits."
The post included portraits of Trump and Vice President JD Vance.
Trump also said Friday he views those committing crimes against Musk's company "as terrorists" and told reporters the crimes are "under very serious investigation."
Teslas are becoming targets of attacks in protest of CEO Elon Musk's political involvement. (Getty Images)
Walz is touring Republican-leaning districts across the U.S. and hosting town halls.
His office did not respond to Fox News Digital's request for comment before publication.
Jamie Joseph is a U.S. Politics reporter for Fox News Digital covering transgender and culture issues, the Departments of Education and Health and Human Services, and stateside legislative developments.
https://www.foxnews.com/politics/tim-walz-cheers-tesla-stock-tumble-mn-state-employees-pension-owns-over-1m-shares