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Commerce Secretary Faces Criticism for Tesla Stock Endorsement on Fox News

Howard Lutnick's televised promotion of Tesla has raised legal and ethical questions, reigniting concerns over government officials endorsing private companies.

"It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again," Commerce Secretary Howard Lutnick said of Elon Musk's EV company, Tesla.
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Overview

  • Howard Lutnick, Commerce Secretary, urged Fox News viewers to buy Tesla stock during an appearance on 'Jesse Watters Primetime.'
  • Lutnick praised Elon Musk as an exceptional entrepreneur and highlighted Tesla's technological advancements, including speculative plans for household robots by 2028.
  • Critics have questioned the legality and ethics of Lutnick's comments, drawing comparisons to past controversies involving government officials endorsing private products.
  • Lutnick denied owning Tesla stock, citing restrictions on stock ownership for government officials, but concerns over public trust remain.
  • The comments come as Tesla faces protests and vandalism tied to Musk's political affiliations and business practices, alongside a significant drop in Tesla's stock value.