Secretary of Commerce Howard Lutnick used an appearance on Fox News to encourage viewers to buy stock in Tesla, as the company struggles amid Elon Musk’s involvement in the Trump administration.
Although cabinet secretaries traditionally do not endorse individual stocks, Lutnick told viewers of Jesse Watters Primetime that Musk – a “special government employee” of President Donald Trump – was “the best person to bet on” and that Tesla’s stock will “never be this cheap again.”
“I think if you want to learn something on this show tonight, buy Tesla,” Lutnick said. “It’s unbelievable that this guy’s stock is this cheap. It’ll never be this cheap again.”