Summary

Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, praising Elon Musk as “the best person to bet on.”

Speaking on Jesse Watters Primetime, Lutnick defended Musk amid vandalism protests linked to Musk’s support for far-right politics and federal budget cuts.

He claimed Musk’s innovations, including robots and space technology, make Tesla stock undervalued.

Lutnick’s comments sparked criticism over potential legal and ethical conflicts, as government officials promoting individual stocks may violate ethics regulations.

  • givesomefucks@lemmy.world
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    9 days ago

    He claimed Musk’s innovations, including robots and space technology, make Tesla stock undervalued.

    The fuck does that have to do with Tesla?

    Shaq was amazing at rebounds, doesn’t mean I want a cartoon general as my car insurance because Shaq is also involved with that company…

    • Lasherz@lemmy.worldM
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      8 days ago

      Undervalued? I think even Tesla investors know it’s a bubble. One glance at Toyota and Honda stocks make that abundantly clear.

      • givesomefucks@lemmy.world
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        8 days ago

        Jon Oliver had a segment; Tesla lost more value than like 20 other real car companies in 2025…

        It’s a meme stock that sometimes makes cars. The price was based on people thinking the numbers would always go up.

        That usually ends bad

    • OldManBOMBIN@lemmy.world
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      9 days ago

      Dude I fuckin reverse snorted and accidentally blew a bunch of snot into my mustache because of this.

  • just_another_person@lemmy.world
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    9 days ago

    Just like Trump Coin and Melania Coin! GET THOSE POORS TO REALLY DIG DEEP!!!

    These assholes are fucking disgusting. These idiots hosts are even worse. Why don’t y’all go and buy five Tesla’s, huh? Who is the fuck is crying for Elon Musk getting his wallet absolutely fucked?

  • NOT_RICK_SANCHEZ@lemmy.world
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    9 days ago

    If this seems highly unusual it’s because it is. They are getting desperate now and this move is all the proof you need, I hope they put every red cent from their social security money on Tesla stock lol

  • OldManBOMBIN@lemmy.world
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    9 days ago

    I wouldn’t bet a dollar on Musk, but I am tempted to buy stock while it’s on a 50% discount in preparation for when they (hopefully) oust him and the company takes back off and becomes a beloved car manufacturer (heavy hoping).

    • Stovetop@lemmy.world
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      9 days ago

      The problem is that he still owns a huge chunk of the stock. Unless he sells it all for some reason (or dies (naturally), now that would be something), there is no way to hope that Tesla succeeds independent of Elon because he directly profits from their success.

      • OldManBOMBIN@lemmy.world
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        9 days ago

        Well obviously I’m also planning on him dying. I thought that was a given. No way this man lives to see the end up the decade.

      • OldManBOMBIN@lemmy.world
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        9 days ago

        I mean I don’t actually have a spare few hundred bucks lying around so if I wasn’t just trying to make fun of Elon for losing half his car money then I would have to wait anyway.