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.
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).
I mean it’s still insanely overvalued. It’s a car manufacturer priced like a tech giant - the stock is so high because of hopes they’ll be the ones to crack true full self driving, human level robotics, or produce batteries at some insane scale
They’re so behind and have lost so much trust on all those fronts that they’d need to actually do it for the stock to pay out. But they’re no longer the best cheap electric cars, their self driving features are some of the worst because they went all in on visual only, and there’s many companies worlds ahead of them on robotics automation. Even their safety is so bad countries easily banned them once musk’s reputation tanked
Plus, musk would have to divest or have his shares called in to fully separate him… Either of which means the stock tanks or already has tanked
It’s too early to read all that. I want musk dead, I want Teslas to be cool again, and I wanna be rich.
The core problem is - Teslas suck. They’re not the best, they’re not the cheapest, they’re not the safest or most reliable, and they don’t have the most features. There’s now electric cars out there that beat them in every category
That’s why I WANT them to be
It’s obvious you haven’t looked at BYD cars. The American autoindustry is dead, or it will be everywhere but here.