US EditionCommerce Secretary Howard Lutnick Urges Public to ‘Buy Tesla’ Despite Stock Decline
- Commerce Secretary Howard Lutnick urged the public to buy Tesla stock during an appearance on Fox News, defending Elon Musk amid protests against Tesla vehicles and charging stations.
- Lutnick condemned attacks on Musk and the violence against Tesla, pointing to Musk's past achievements with NASA astronauts as a testament to his importance.
- Tesla's stock price has fallen significantly, from an all-time high of $484.79 in December to about $236.26, and overall sales decreased by 1.1% last year, the first decline since 2011.
- Analyst Dan Ives indicated that Tesla is in crisis but believes Musk can fix it.
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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