Commerce Secretary Howard Lutnick Encourages Public to Buy Tesla Amid Stock Decline

Commerce Secretary Howard Lutnick encouraged viewers to invest in Tesla stock during his appearance on Fox News, highlighting the company's advancements and remarking on the surprisingly low value of the stock. His comments surfaced during a notable decline in Tesla's stock price and amidst increasing criticism of Elon Musk's ties to President Donald Trump's administration. Critics alleged that Lutnick had breached ethics rules, including the Hatch Act, by endorsing a specific stock associated with a political donor. While President Trump expressed optimism about a potential increase in Tesla's stock price, he refrained from directly prompting the public to buy shares.