- Tesla shares have risen more than 100% since last year’s lows despite public mockery from Tim Walz.
- Walz is ending his bid for a third term, citing political strain and an unusually difficult year for Minnesota.
Tesla shares have climbed more than 100% since Minnesota Governor Tim Walz publicly mocked the stock’s decline last year, when Tesla was trading around $230.
The shares have since rallied to roughly $454 as of January 5, 2026, marking a sharp recovery for the electric vehicle maker.
The rebound comes as Walz announced he is ending his bid for a third term as governor. He said he could no longer commit the energy required to campaign after what he described as an extraordinarily difficult year for the state, following months of political pressure tied to a child care fraud investigation.