Buy Tesla! Commerce Chief Lutnick Urges Public During Interview
1min read On Wednesday, March 19, 2025, U.S. Commerce Secretary Howard Lutnick made waves during an interview on Fox News' "Jesse Watters Primetime," hosted by Jesse Watters, by urging the public to invest in tesla stock. This remarks, delivered with enthusiasm, spotlighted Tesla and its CEO, Elon Musk, while sparking a broader conversation about the role of government officials in commenting on private companies.
The interview began with Watters asking Lutnick about American innovation and economic growth. Lutnick seized the opportunity to pivot to Tesla, delivering a glowing endorsement of the electric vehicle giant. He described Tesla as "the most innovative company in the world right now" and didn't hold back in encouraging viewers to act. "If you're looking for a stock to buy, Tesla is it," Lutnick declared. "Elon Musk is a visionary, and his company is leading the charge in electric vehicles, renewable energy, and space exploration. The stock is undervalued, and I believe it's going to soar." He even added that " it (Tesla Stock) will never be this cheap again".
Ask Aime: What's the impact of Commerce Secretary Howard Lutnick's endorsement of Tesla on the stock's future performance?
Tesla has shed hundreds of billions of dollars in market capitalization since its stock's sharp slide began in December, a month after Trump was elected to a second non-consecutive term in the White House. The company's share price is more than 50% lower than the high reached in December.
Lutnick went further, praising Musk's leadership and highlighting the billionaire's close ties to the Trump administration. "Elon is doing incredible things, and with the backing of the administration, Tesla is poised for even greater success," he added. His comments framed Tesla not just as a smart investment, but as a symbol of American ingenuity with governmental support behind it.
Lutnick's bold statements were notable not only for their specificity but also for their source—a sitting Commerce Secretary speaking on a national platform. While the interview focused on economic optimism, his direct recommendation of Tesla stock stood out, given the potential implications of a cabinet official influencing market behavior, with Tesla's stock rebounding slightly by 0.17% on March 20th. Tesla, already a high-profile company, has been under spotlight for investors due to its volatile stock performance and Musk's ambitious ventures and recent contiversial political involvements. This interview has no doubt pushing Tesla to yet another focal point.
The Commerce chief's words have since drawn mixed reactions, with some praising his support for American innovation and others questioning the ethics of a government official promoting a specific stock. Regardless of the debate, Lutnick's interview has placed Tesla—and the intersection of politics and markets—squarely in the spotlight.
