Kevin O’Leary blasts Tim Walz for cheering Tesla stock slump — says Minnesota state pension plan owns 1.8M shares

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Tesla shares person plunged 32% successful 2024, wiping retired hundreds of billions of dollars successful marketplace cap. CEO Elon Musk has faced crisp disapproval for his engagement successful the Trump medication — peculiarly successful his relation astatine the Department of Government Efficiency.

While Walz whitethorn beryllium celebrating the diminution of Musk’s EV empire, Shark Tank capitalist Kevin O’Leary says the politician should deliberation doubly — particularly if helium cares astir his ain constituents.

“That mediocre feline didn’t cheque his portfolio successful his ain pension program for state. It’s beyond anserine what helium did. He's talking down 1.8 cardinal shares successful his ain state’s pension plan.” O’Leary wrote connected Instagram. “What’s the substance with that guy? He doesn’t cheque the well-being of his ain constituency successful his state? What a bozo!”

O’Leary was referring to a study from the Minnesota State Board of Investment, which showed that the state’s status money held 1,615,511 shares of Tesla arsenic of June 30, 2024, portion its non-retirement money held 211,332 shares. It’s unclear whether these positions are inactive successful the state’s portfolio.

For investors acrophobic astir overexposure to stocks — whether successful a pension money oregon idiosyncratic portfolio — Tesla’s volatile thrust serves arsenic a reminder of the risks. While equities tin connection semipermanent growth, diversification tin beryllium cardinal to managing marketplace swings and protecting wealth. Here’s a look astatine 3 ways to diversify beyond stocks.

Tesla isn’t the lone banal successful the reddish — broader marketplace turbulence has investors connected edge. The tech-heavy Nasdaq Composite is down 8% successful 2025, arsenic concerns implicit tariffs, commercialized tensions, ballooning nationalist debt, and the hazard of recession measurement heavy connected capitalist sentiment.