Summary
Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, praising Elon Musk as “the best person to bet on.”
Speaking on Jesse Watters Primetime, Lutnick defended Musk amid vandalism protests linked to Musk’s support for far-right politics and federal budget cuts.
He claimed Musk’s innovations, including robots and space technology, make Tesla stock undervalued.
Lutnick’s comments sparked criticism over potential legal and ethical conflicts, as government officials promoting individual stocks may violate ethics regulations.
Overall it’s a smart move. It’s like how scammers insert typos into their emails to filter out anyone with brain cells.
They have a small, captive audience of low intelligence and low information viewers. They’re the perfect vulnerable people to separate from their money.
Large captive audience of low intelligence…
Go for it. Lose your retirements, losers.
@MicroWave Conservatives have repeatedly said that government should not be picking winners and losers. What changed?
When the loser is a conservative, then they’re supposed to be a winner. When the loser isn’t conservative, they’re not supposed to get a helping hand because they aren’t human.
It’s like the “there must be outgroups for the law to bind but not protect, and in-groups for the law to protect but not bind” thing.
Conservatism has always been about promoting the in-group. It’s not about rules or fairness or consistency. Just the in-group.
It’s a shitty world view.
He claimed Musk’s innovations, including robots and space technology, make Tesla stock undervalued.
The fuck does that have to do with Tesla?
Shaq was amazing at rebounds, doesn’t mean I want a cartoon general as my car insurance because Shaq is also involved with that company…
I wouldn’t bet a dollar on Musk, but I am tempted to buy stock while it’s on a 50% discount in preparation for when they (hopefully) oust him and the company takes back off and becomes a beloved car manufacturer (heavy hoping).
I mean it’s still insanely overvalued. It’s a car manufacturer priced like a tech giant - the stock is so high because of hopes they’ll be the ones to crack true full self driving, human level robotics, or produce batteries at some insane scale
They’re so behind and have lost so much trust on all those fronts that they’d need to actually do it for the stock to pay out. But they’re no longer the best cheap electric cars, their self driving features are some of the worst because they went all in on visual only, and there’s many companies worlds ahead of them on robotics automation. Even their safety is so bad countries easily banned them once musk’s reputation tanked
Plus, musk would have to divest or have his shares called in to fully separate him… Either of which means the stock tanks or already has tanked
It’s too early to read all that. I want musk dead, I want Teslas to be cool again, and I wanna be rich.
