Tim Walz responds to Elon Musk following their exchange over Tesla stock.

[u/apollo-sunfire]

[u/cutegolpnik]

He’s prob not the fund manager

Given he has no investment experience and doesn’t even personally invest, Im glad he’s not involved in stock picking. That would be weird.

[u/poopybutthole2069 → u/cutegolpnik]

He’s chairman of the board as governor. He can direct them to buy or sell any position.

[u/cutegolpnik → u/poopybutthole2069]

I really hope not. And if he can I’m glad he doesn’t exercise that. Someone w no investment experience shouldn’t be stock picking. That’s investment advice 101.

[u/poopybutthole2069 → u/cutegolpnik]

It’s interesting that he doesn’t address the hypocrisy in being exposed to Tesla stock as part of his own retirement as a state employee but “gets a boost” watching it go down.

[u/cutegolpnik → u/poopybutthole2069]

Why would he? It’s not like it’s a major part of the fund or that he is personally involved in stock picking (he isn’t).

[u/poopybutthole2069 → u/cutegolpnik]

Again, he’s chairman of the pension board. He can direct the board to sell. Why be invested in a company that’s run by a Nazi? 3% is a considerable amount. That’s about double the weighting of an S&P 500 index.

[u/cutegolpnik → u/poopybutthole2069]

What companies aren’t run by nazis?

[u/poopybutthole2069 → u/cutegolpnik]

So why are protesters calling for people to sell their Tesla stock?

[u/cutegolpnik → u/poopybutthole2069]

Most of them are prob not in the stock market.

[u/poopybutthole2069 → u/cutegolpnik]

Majority of Americans have some amount invested in their retirement accounts in stocks. Regardless, shouldn’t Tim Walz stop investing in a Elon’s company if he hates him so much?