Tesla stock falls after Trump official urges Americans to ‘invest in Elon Musk’
Donald Trump’s commerce secretary told Americans to buy stock in Elon Musk’s electric car company, only for shares inTesla to keep falling.
“I think, if you want to learn something on this show tonight, buy Tesla,” Howard Lutnick on Wednesday. “It’s unbelievable that this guy’s stock is this cheap. It’ll never be this cheap again.”
He added: “I mean, who wouldn’t invest in Elon Musk? You gotta be kidding me.”
Regarding Tesla at least, the answer appears to be: lots of people. In the last month, shares have lost a third of their value. After Lutnick spoke, Tesla was down again in
pre-market trading.