US EditionTesla shares plunge below Lutnick’s ‘never this cheap’ level
- Tesla Inc.'s stock fell 9.2% to $217.41, dipping below a level predicted by U.S. Commerce Secretary Howard Lutnick to 'never fall to again.'
- Elon Musk advised Tesla employees to hold onto their shares amid warnings of further losses in tech stocks.
- Analyst Daniel Ives reduced Tesla's price target by over 40% due to trade policies and a brand crisis instigated by Musk.
- Lutnick's public endorsement of Tesla stock raised ethical concerns about potential violations, particularly due to his ties with the Trump administration.
18 Articles
18 Articles
Three weeks ago, U.S. Commerce Secretary Howard Lutnick urged Americans to buy Tesla stock because “it will never be this cheap again.” But the stock has fallen by more than 200 kronor since the trade minister made the statement. Now it has plummeted to a new low, writes the Daily Beast.
Tesla stocks plummet again after Lutnick urges Fox viewers to buy it
Three weeks ago, Commerce Secretary Howard Lutnick encouraged Fox viewers to buy Tesla stock at $235.86, predicting "It'll never be this cheap again." "If you want to learn something on this show tonight, buy Tesla," Lutnick told the ever-gullible Fox News viewers. — Read the rest The post Tesla stocks plummet again after Lutnick urges Fox viewers to buy it appeared first on Boing Boing.
After Tesla’s shares resented the ‘hate’ against Elon Musk, on Monday, April 7, they expanded their losses in the first operations, falling below a price to which Trade Secretary Howard Lutnick predicted they would never fall again. The shares plummeted by more than 10 percent, to $214.80, amid a widespread fall in world stock markets. Lutnick declared during an interview with Fox News on March 19—when Tesla closed to $235.86—that viewers should…
Tesla 'will never be this cheap again', they said. It got cheaper today
Once the darling of both climate-conscious investors and tech enthusiasts, Tesla has shed 50 per cent of its market value since its peak in mid-December 2024. Musk's political theatrics have pushed consumers away
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