Trump Commerce Secretary’s Wild Tesla Pitch On Fox News Leaves Critics Stunned | EUROtoday

Commerce Secretary Howard Lutnick drew sharp criticism Wednesday after urging Fox News viewers to purchase shares in Tesla, the electrical automobile firm owned by Elon Musk.

Talking to Fox’s Jesse Watters, Lutnick impassionedly pitched: “I think if you want to learn something on this show tonight, buy Tesla. It’s unbelievable that this guy’s stock is this cheap. It’ll never be this cheap again.”

Lutnick later hyped the technological developments being made by Musk, the world’s richest individual, and his firm.

“When people understand the things he’s building, the robots he’s building, the technology he’s building, people are going to be dreaming of today and Jesse Watters and thinking, ‘Gosh, I should have bought Elon Musk’s stock,’” mentioned Lutnick. “I mean, who wouldn’t invest in Elon Musk? You gotta be kidding me.”

The ringing endorsement got here amid a plummet in inventory worth for Tesla as Musk faces mounting backlash over his assist for and position in President Donald Trump’s efforts to slash public spending.

Reports of violent assaults on Teslas have surged.

Trump himself just lately held what critics known as a Tesla promotional occasion exterior the White House, fueling extra controversy.

Lutnick’s boosting of Musk and his firm sparked outrage on-line, with many accusing him of probably violating ethics guidelines and the Hatch Act, which prohibits federal officers from utilizing their positions for political or monetary achieve.