By Katy Barnato
Commerce Secretary Howard Lutnick used a TV appearance to recommend the public buy shares in Elon Musk's car company, saying: "It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again."
Tesla stock has slid fallen roughly 40% this year, knocked in part by a consumer backlash against Musk's political activities. Shares slipped about 1% ahead of Thursday's open.
"You have probably the best entrepreneur, the best technologist, the best leader of any set of companies in America, working for America. And you have this sort of weird side of the Democratic party attacking him," Lutnick said in a Fox News interview.
President Trump has also sought to support Tesla, hosting a photo opportunity at the White House last week.
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March 20, 2025 09:09 ET (13:09 GMT)
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