9 sources·Business

Amid Criticism, Commerce Secretary Urges Investment in Declining Tesla Stock

In response to protests against Tesla and concerns over Musk's influence, Howard Lutnick encourages Americans to invest in Tesla stock despite recent declines.

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  3. Commerce secretary: Buy Tesla stock

    Musk has experienced scrutiny since he began his role in the Trump administration leading the Department of Government Efficiency.

    Commerce secretary: Buy Tesla stock

    The HillThe Hill·1M
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  4. Elon Musk under pressure from Tesla's biggest investors

    Musk's involvement in politics isn't necessarily playing well with investors, as Tesla's stock has dropped 38 percent since the turn of the year.

    Elon Musk under pressure from Tesla's biggest investors

    NewsweekNewsweek·1M
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  5. Wait a minute. Has Elon Musk really turned Twitter around, after all?

    Those observations don't seem like a reason to boost Twitter back to the price Musk paid for it in 2022.

    Wait a minute. Has Elon Musk really turned Twitter around, after all?

    Business InsiderBusiness Insider·1M
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  1. The Guardian
  2. New York Post
  3. The Hill
  4. Newsweek
  5. Business Insider
Updated: Mar 20th, 2025, 1:56 PM ET

Summary

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Minnesota Governor Tim Walz criticized Elon Musk at a Wisconsin event, linking Musk's political involvement to a sharp downturn in Tesla stock, which has fallen 34.6% recently. Amid mounting investor pressure and low stock prices, Commerce Secretary Howard Lutnick defended Musk, urging the public to invest in Tesla. Despite Lutnick’s claims of Musk being a top entrepreneur and technologist, Tesla shares continue to decline, leading experts to question the viability of Musk’s ventures. Concerns also grow regarding potential conflicts of interest due to Musk's government roles and their impact on his businesses.

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  • Musk's involvement in government through DOGE has raised concerns among some investors regarding its impact on Tesla's performance, as impacts of political decisions affect public perception.

  • There is skepticism about whether investments in Twitter/X have truly stabilized its valuation or if it is inflated, raising questions about Musk's financial strategy and the long-term viability of the platform given current advertising trends.

  • While some investors appear optimistic about potential revenue growth from X, uncertainty remains concerning the accuracy and transparency of its financials post-acquisition.

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Amid Criticism, Commerce Secretary Urges Investment in Declining Tesla Stock - Pano News