US Commerce Secretary Howard Lutnick sparked controversy by recommending Americans invest in Tesla, citing undervalued shares. The comment came as one of Wall Street’s top analysts warned of a “crisis” at the electric car maker. Despite this, Tesla’s stock fell 1.7% in premarket trading on Thursday. The company’s shares have plummeted 35% in the last month and 42% so far this year. Lutnick’s comments appear to be part of a Trump administration effort to boost Tesla’s stock. Just hours earlier, his former investment bank, Cantor Fitzgerald, upgraded Tesla’s stock. Wall Street analysts are divided on the company’s future, with some warning of an impending crisis under Elon Musk’s leadership.
Source: https://www.axios.com/2025/03/20/tesla-musk-lutnick