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Tesla’s Plummeting Stock Just Hit a Level That Lutnick Said Would ‘Never’ Happen
Elon Musk’s company’s shares have dropped more than $20 from when the Commerce Secretary made his remarks.
Lutnick, speaking in an interview with Fox News on March 19, called Tesla’s CEO, Elon Musk, “probably the best person to bet on I’ve ever met.” “I think if you want to learn something on this show tonight, it’s buy Tesla,” Lutnick told host Jesse Watters, urging viewers to put their money in the company of a Trump administration employee. “If this cabinet secretary himself owns any of the stock he’s touting on TV, he’s probably committed a serious ethics offense,” wrote David Frum, a journalist and former staffer in Republican George W. Bush’s White House, in a social media post.
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