The US stock market has become a battleground, with Commerce Secretary Howard Lutnick urging investors to buy Tesla shares and Minnesota Governor Tim Walz advising them to sell. This polarized stance highlights the growing politicization of the market.
Lutnick’s comments on Fox News suggest he believes Tesla’s stock is undervalued and will rebound in value. Conversely, Governor Walz mocked the electric-vehicle giant’s declining share price on social media.
The White House appears to be actively supporting Tesla’s share price by promoting it to investors. This move signals a shift away from companies and products being politicized towards individual stocks.
As investors weigh their options, they face increasing pressure from politicians and government officials. The US stock market is now a reflection of the nation’s divided politics.
The polarization in the US stock market reflects the growing tensions between politicians, investors, and businesses. As the situation continues to unfold, one thing is certain – the US stock market has become a battleground for ideologies.
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Source: https://www.marketwatch.com/story/stocks-have-never-been-so-political-as-howard-lutnick-says-buy-tesla-and-tim-walz-says-sell-93fe42b0