US EditionCommerce Secretary Howard Lutnick Urges Public to ‘Buy Tesla’ Despite Stock Decline
- Commerce Secretary Howard Lutnick urged Fox News viewers to buy shares in Tesla, stating that the stock is cheap and won't be cheaper again.
- Lutnick's endorsement occurred during a significant decline in Tesla's stock value amid controversies surrounding Elon Musk's political actions.
- Critics accused Lutnick of potentially violating ethics rules and the Hatch Act by endorsing Tesla while in a federal position.
- The backlash from Lutnick's statement included widespread online outrage regarding the ethics of his financial advice.
105 Articles
105 Articles
Trump Administration's Promotion Of Elon Musk's Tesla Draws Criticism From Experts: 'The Commerce Secretary Is Not Jim Cramer,' Says Former Ethics Counsel - Tesla (NASDAQ:TSLA)
Members of the Trump administration are facing ethics backlash for openly promoting Tesla, as the EV giant's stock slides.
Legal experts say Trump official broke law by saying 'Buy Tesla' stock but don't expect a crackdown
When a White House adviser in the first Trump administration told TV viewers to “Go buy Ivanka stuff," top government lawyers sprang into action, telling her she had violated ethics rules and warning her not to do it again.Government ethics experts have varying opinions on whether the 2017 criticism of Kellyanne Conway went far enough, but many agree such violations now might not even draw an official rebuke.A week after President Donald Trump t…
Trump official urging Fox viewers to buy Tesla stock decried as 'abuse of power'
"Buy Tesla. It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again... Who wouldn't invest in Elon Musk?" That's what U.S. President Donald Trump's billionaire commerce secretary, Howard Lutnick, told viewers of Fox News' "Jesse Watters Primetime" on Wednesday—comments that watchdog groups swiftly condemned as unethical and illegal. In addition to serving as CEO of companies including electric vehicle maker Tesla, …
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