Trump’s secretary of stores pumps Tesla’s supplies, persuading Americans to buy a car manufacturer Elona Musk: “It will never be this cheap again”
- In a potential violation of government ethicsHoward Lutnick has played fear during the interview that he will miss Tesla Fox News literally speaking to voters to buy Tesla’s shares because they will only grow from here.
Just a few days after President Trump converted the southern lawn of the White House into Tesla’s Emperor Emporium, a member of his cabinet led himself to the air waves, urging Americans to buy and stock of Elon Musk.
Tesla has become the main goal Public resentment focused on his controversial executive director, with protests, boycotts, and even direct fire attacks because of Musk’s role as the main breakthrough of the US Government costs.
During the interview as a store secretary on Wednesday, Howard Lutnick used his office to support the purchase of shares at a car manufacturer affected by crisis in the comments that seem directly contradicting federal ethical regulations.
“If you want to learn something on this show tonight, buy Tesla,” Lutnick told Fox News Host Jesse Watters.
The secretary of the trade cited Musk as promising Americans to own five Tesla robots, every arrival of 2028. Although probably an exaggeration for a dramatic effect, Musk told the shareholders last June that he would make three trillion dollars a year profit from the sale of 100 million robots a year in the new age of people.
“When people understand the things he builds – the robots he builds, the technology he builds – people will dream today and Jesse Watters, and thinking,” God, I should have purchased Elona Musk stock. “
Musk pushed to Lutnick to get the role of a plum treasure -shaped secretary – in vain
As a trade secretary, Lutnick, of course, is a man to promote US companies.
It makes sense to reciprocate Tesla, who builds all five models in the US for a local market without exception.
Still, Trump was an unwavering opponent of EV, he went so far as to warn that Biden’s $ 7500 would be a tax loan “destroy the auto industry“In the United States, he is advocating for the technology where China has already secured control of production means.
Trump Only changed his attitude After Musk appeared with a proverbial suitcase full of a A quarter billion dollars In the donations of the campaign.
While Musk clashed with the secretaries of the cabinet likeMarco Rubio and Sean DuffyThrough the cuts of Doge, he and Lutnick also became something like a team.
Either Bench fervor to reduce state consumption This prompted Musk to target 2 trillion dollars of reduction from a federal $ 6.75 trillion on the Rasp’s campaign rally.
After Trump won in November, Musk pushed in vain To give Lutnick a more influential role of US Treasury Minister via Scotta Besent.
Tesla’s most expensive stock in ‘Magnificent Seven’
Due to numerous problems in Tesla, his supplies have now been halved in value from a top of $ 488.
They more than withdrew all the winnings after the November elections, which Trump prompted to recommend that every American would follow their lead last week and buy Tesla.
Talking about Watters on Wednesday, Lutnick has now sought to cheer potential fears that investors will miss a lot in the shares of car manufacturers if they are waiting aside.
“It’s amazing that the stock of this guy is so cheap,” said the store secretary. “It will never be so cheap again.”
In fact, Tesla is by far the most expensive stock in the magnificent seven compared to expectations, trading on 60 times the estimation of consensus earnings for 2026. Compared to approximately half for its six other peers.
Can public officials support companies and products?
The puppet incentive is risky.
Under Section 2635. Article 702 From the US Code of Federal Regulations, public officers are generally forbidden to use the platform of their Office for support from companies and products.
$ Tsla | Elon Musk believes that there will be more humanoid robots in the future than humans.
– Wall ST engine (@wallStengine) June 13, 2024
It predicts that the Teslin Optimus robot market could reach 1b units/annual, earning 1t per year.
Robots could sell for $ 20,000 each, cost 10k, with Tesla Capture at least 10% of the market … https://t.co/knbwdmqhsz pic.twitter.com/cruiihcwyhi
Trump’s administration, however, accepted access to the Silicon Valley from avoiding permission in favor of creating facts in the field in the hope that no one ultimately complains.
Some, however, have led to a growing conflict with a court branch, which acts as a check of the executive.
Musk now uses his reach of social media to run a pressure campaign on Imperates of judges stand on the path of administration.
This story is originally shown on Fortune.com
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