US Commerce Secretary Howard Lutnick has come to Elon Musk’s defense, calling Tesla stock “unbelievable” and a bargain. The comments came as the company’s shares continue to sink, falling over 50% since December. A prime-time appearance on Fox News saw Lutnick appear with fellow Trump ally, Jesse Watters.
Trump recently made headlines by posing with Tesla vehicles at the White House, expressing confidence in Musk’s venture. However, his opponents are taking pleasure in the entrepreneur’s struggles. Minnesota Governor Tim Walz even admitted to monitoring Tesla’s stock value on his phone during events, saying that owning a share is not someone’s fault.
Source: https://eu.usatoday.com/story/news/politics/2025/03/20/trump-howard-lutnick-musk-tesla-stocks/82564889007