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.

  • henfredemars@infosec.pub
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    2 days ago

    Overall it’s a smart move. It’s like how scammers insert typos into their emails to filter out anyone with brain cells.

    They have a small, captive audience of low intelligence and low information viewers. They’re the perfect vulnerable people to separate from their money.

    • OldManBOMBIN@lemmy.world
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      2 days ago

      When the loser is a conservative, then they’re supposed to be a winner. When the loser isn’t conservative, they’re not supposed to get a helping hand because they aren’t human.

    • jjjalljs@ttrpg.network
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      2 days ago

      It’s like the “there must be outgroups for the law to bind but not protect, and in-groups for the law to protect but not bind” thing.

      Conservatism has always been about promoting the in-group. It’s not about rules or fairness or consistency. Just the in-group.

      It’s a shitty world view.

    • dhork@lemmy.world
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      2 days ago

      What changed is that conservatives are in charge now, the old rules only applied when they don’t get to pick the winners and losers.

  • givesomefucks@lemmy.world
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    2 days ago

    He claimed Musk’s innovations, including robots and space technology, make Tesla stock undervalued.

    The fuck does that have to do with Tesla?

    Shaq was amazing at rebounds, doesn’t mean I want a cartoon general as my car insurance because Shaq is also involved with that company…

    • Lasherz@lemmy.worldM
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      2 days ago

      Undervalued? I think even Tesla investors know it’s a bubble. One glance at Toyota and Honda stocks make that abundantly clear.

      • givesomefucks@lemmy.world
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        2 days ago

        Jon Oliver had a segment; Tesla lost more value than like 20 other real car companies in 2025…

        It’s a meme stock that sometimes makes cars. The price was based on people thinking the numbers would always go up.

        That usually ends bad

  • NOT_RICK_SANCHEZ@lemmy.world
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    2 days ago

    If this seems highly unusual it’s because it is. They are getting desperate now and this move is all the proof you need, I hope they put every red cent from their social security money on Tesla stock lol

  • just_another_person@lemmy.world
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    2 days ago

    Just like Trump Coin and Melania Coin! GET THOSE POORS TO REALLY DIG DEEP!!!

    These assholes are fucking disgusting. These idiots hosts are even worse. Why don’t y’all go and buy five Tesla’s, huh? Who is the fuck is crying for Elon Musk getting his wallet absolutely fucked?

  • Blackout@fedia.io
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    2 days ago

    As he was saying it they showed the Vegas video of Teslas on fire. Delicious irony.

  • Sibshops@lemm.ee
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    2 days ago

    If Fox is trying to make their viewers go broke, might as well tell them to buy $TRUMP coin, too.

  • OldManBOMBIN@lemmy.world
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    2 days ago

    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).

    • theneverfox@pawb.social
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      1 day ago

      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

        • theneverfox@pawb.social
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          1 day ago

          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

            • Count042@lemmy.ml
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              1 day ago

              It’s obvious you haven’t looked at BYD cars. The American autoindustry is dead, or it will be everywhere but here.

              • OldManBOMBIN@lemmy.world
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                1 day ago

                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.