Commerce Secretary Urges Fox News Viewers To Buy Tesla Stock: 'Elon Musk Is Probably the Best Person To Bet On!'

[Mr. Sparkle]

Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, calling CEO Elon Musk “probably the best person to bet on” he had ever met. Lutnick offered the investment advice on Wednesday’s episode of Jesse Watters Primetime after host Jesse Watters had delivered a long monologue criticizing the vandalism of Tesla vehicles, dealerships, and charging stations, and protests directed at the company and Musk over his support for far-right politics and wide-ranging budget cuts and layoffs that were happening as part of DOGE’s efforts to reshape the federal government.

Watters introduced Lutnick and asked him, “How are you interpreting firebombing Teslas?” “This is so outrageous,” replied Lutnick. “You probably have the best entrepreneur, the best technologist, best leader of any set of companies in America, working for America, and you have this sort of weird side of the Democratic Party attacking him.”

“Let me remind you, he is the guy that saved the astronauts, saved the astronauts and he’s the guy who’s going to build the next generation technology,” Lutnick added, presumably referring to NASA astronauts Sunita Williams and Barry Wilmore, who returned to Earth Tuesday after a nine-month delay on the International Space Station. Williams and Wilmore’s extra time on the ISS and return has been the subject of a surfeit of misinformation from Musk and the White House, including false claims that President Joe Biden “stranded” them.

“I think if you want to learn something on this show tonight, buy Tesla!” Lutnick continued. “It’s unbelievable that this guy’s stock is this cheap, it’ll never be this cheap again. When people understand the things he’s building, the robots he’s building, the technology he’s building — people will be dreaming of today and Jesse Watters and thinking, ‘gosh, I should have bought Elon Musk’s stock!’ I mean, who wouldn’t invest in Elon Musk? You gotta be kidding.” “Alright, so you’re calling the bottom? This is it?” asked Watters.

more... https://www.mediaite.com/tv/commerce-secretary-lutnick-urges-fox-news-viewers-to-buy-tesla-stock-elon-musk-is-probably-the-best-person-to-bet-on/

[Scrivener7]

1. Because its not a conflict of interest at all for this guy to be saying this, right?

[Walleye]

3. He broke all kinds of rules and laws here. They couldn't care less.

[Scrivener7]

4. Yep. Who's going to do anything about it? We have a 34 time felon for president.

[Prairie Gates]

20. Tens of thousands of American workers work for Tesla competitors

This is why the government is not supposed to promote a brand like this. Fucking clown show.

They cried all day about "Picking winners and losers" when it comes to energy policy (including subsidizing Tesla itself!), but they sell cars on the White House lawn and send this coglione out to plug Tesla on Morning Shows. It is to laugh.

[Walleye]

2. Most Americans just want security and consistency. We are not reckless, gamblers, or liars or cheats.

[walkingman]

9. Regardless of what the election results were, most Americans would like an end to this

backwards, redneck, bullying we have in today's local and federal government. It saddens us to see people in charge that have no empathy for others here or abroad, and even worse because it is shoved down our throats on a daily basis.

[GusBob]

5. The Tesla brand is tanking worldwide. Buy his stock Fox viewers!

You are a bunch of losers to begin with

This is what I like about MAGATS they believe lies and you can sell them anything

[Kid Berwyn]

7. I hear the ghost of Kenny Boy Lay...

…”Buy ENRON” as he dumps his shares.

[Kid Berwyn]

6. "With every Tesla sold, we get a kickback, er, rebate!"

DEMS have a better idea: let the invisible hand of the marketplace drown the big-nippled NAZI’s businesses in a bathtub.

[sop]

8. "He is the guy that saved the astronauts..."

Before the week is out Trump will be saying he, not Elon, rode up into space on one of those exploding rockets and singlehandedly rescued them.

[newdeal2]

10. Biggest sleazeball in the WH

Any that’s saying a lot.

[hatrack]

11. Remember!!! We can't hate people like this! We need to empathize and reach out and meet them in the middle!!

[dalton99a]

12. You don't ever buy any vehicle new or used from this asshole

[dchill]

13. Heh.

[delisen]

14. Billionaire helps Billionaire Hurt American Citizens nt

[sinkingfeeling]

15. "Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power."

Benito Mussolini

https://politicalresearch.org/2005/01/12/mussolini-corporate-state

[Mysterian]

16. I'm guessing this would have been some kind of ethics/legal violation

back in the days when people cared about those kind of things.

[Prairie Gates]

18. Yes, the correct qualifier is "back when ethics and legality mattered"

We are in Corruption City now.

[Prairie Gates]

17. File under "Picking winners and losers"

[Norrrm]

19. How much have you bought? How much have you sold?

What is your history of the stock?

[Johonny]

21. Fuck Musk and his apartheid politics.

[Liberal In Texas]

22. How times have changed. Remember awhile ago the righties were doing "rolling coal"

when they would see a Tesla on the road. They'd pull in front of it and switch some stupid aftermarket mechanism on F150s or whatever and blow oily smoke on the car.

Now Teslas and their owner are right up there with their gold plated idol.

[sheshe2]

23. Buy stock?!!!🤣🤣🤣🤣🤣

They just recalled 47K cyber trucks because the panels fall off the piece of crap. Sure buy some stock!

Read about it here!
https://www.democraticunderground.com/10143421863

[LetMyPeopleVote]

24. MaddowBlog-Why is Trump's Commerce secretary urging the public to buy Tesla stock?

Howard Lutnick told a national television audience to buy a specific stock tied to the sitting president’s top campaign donor.

I'm trying to think of a coherent defense for Commerce Secretary Howard Lutnick urging the public to buy a specific stock tied to the president's top campaign donor.

Nothing is coming to mind. www.msnbc.com/rachel-maddo...

— Steve Benen (@stevebenen.com) 2025-03-20T13:46:39.376Z

I'm trying to think of a coherent defense for Commerce Secretary Howard Lutnick urging the public to buy a specific stock tied to the president's top campaign donor.

Nothing is coming to mind

Link to tweet

https://www.msnbc.com/rachel-maddow-show/maddowblog/commerce-secretary-tesla-stock-lutnick-rcna197244

At a recent White House event, Donald Trump told reporters that he hoped the stock price for Elon Musk’s Tesla would go up, but the president did not explicitly urge the public to purchase shares in the company.

A member of the Republican’s Cabinet, however, was far more direct. As The New York Times noted:

The commerce secretary, Howard Lutnick, followed President Trump by supporting Elon Musk, urging people to buy shares in Tesla, Musk’s car company. ‘It’s unbelievable that this guy’s stock is this cheap. It’ll never be this cheap again,’ Lutnick said Wednesday on Fox News. ... Tesla’s stock price has plummeted in the last two months as it faces backlash, including protests and vandalism, over Musk’s role in the Trump administration.

The Cabinet secretary did not appear to be kidding.
https://bsky.app/profile/did:plc:t46sqvutibvsmjgwn6r6izve/post/3lkrjpgi3bc2w

Link to tweet

I’m mindful that breaches of norms and ethical limits have become routine over the last two months, but this was an egregious display, even by 2025 standards.

Right off the bat, let’s note that it’s not the commerce secretary’s job to give the public investment advice. But given the relevant circumstances, that’s where the problems start, not where they end. Making matters far worse, Lutnick — who was confirmed by the Senate and holds an important position of public trust — took it upon himself to urge a national television audience to buy a specific stock tied to the sitting president’s top campaign donor.....

If there’s a benign defense for all of this, I can’t think of it.