Important points
- Despite Tim Walz’s public ridicule, Tesla stock has risen more than 100% from last year’s lows.
- Walz is ending his bid for a third term, citing political tensions and an unusually difficult year for Minnesota.
Tesla stock has risen more than 100% since Minnesota Gov. Tim Walz publicly mocked the stock’s decline last year, when Tesla was trading around $230.
The stock price has since risen to around $454 as of January 5, 2026, indicating a rapid recovery for the electric car maker.
The backlash came after Walz announced he would end his bid for a third term as governor. He said he could no longer put the necessary energy into campaigning after what he described as a very difficult year for the state, following months of political pressure related to the child care fraud investigation.
