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.
My desires are not bound by mere current market climates. I just wanna like Teslas, man. They got a cool name and they used to be cool cars. Surely you’ve something from your past life experience that is no longer in-fashion or top-of-the-line that you’d like to see revived. Micromachines Megavan City, perhaps? Or maybe you were more of a Polly Pocket child? This is no different.
It’s not going back up again. Not anytime soon. Wait till it’s penny stock.
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.
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.
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.