Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, calling CEO Elon Musk "probably the best person to bet on" he had ever met.
  • Lit@lemmy.worldEnglish
    0·
    1 day ago

    Commerce Secretary is heavily invested in tesla stock.

    dump that stock.

    make the bank collect on Elon tesla stock loan collateral.

    make Elon pay taxes on that stock.

  • ArseAssassin@sopuli.xyzEnglish
    0·
    2 days ago

    Next week they’ll probably try to rename the country as United States of America sponsored by Tesla Motors.

  • splonglo@lemmy.worldEnglish
    0·
    2 days ago

    People who take this advice are going to be disappointed when Tesla gets outcompeted by every other EV company and it drops to zero. It’s just like the trump shitcoins. Just scamming their base at every turn because they’ve gotten used to lying about everything without consequences.

    • Match!!@pawb.socialEnglish
      0·
      1 day ago

      matter of time before Seattle starts disregarding tariffs and dumping teslas into the harbor

  • GaMEChld@lemmy.worldEnglish
    0·
    2 days ago

    Encourage the public to buy it while executives unload millions, yeah, wonder why they are recommending that.

  • Clevererhans@lemmynsfw.comEnglish
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    2 days ago

    So much for the old “the government should not pick winners and losers!” line conservatives used to swear by…

  • LeFantome@programming.devEnglish
    0·
    2 days ago

    Having these guys shill for Tesla is not going to help the stock. It looks desperate. It turns off the core buyers even more.

    There are two groups of Republican at this point. There are quite a small number of ultra rich people. There is an army of mostly not that well off folks. The latter cannot afford Teslas and have seen them as the enemy forever. This is going to highlight that the main GOP principle is supporting rich allies. It shines sunlight on a very dangerous fact.

    Elon is really unpopular right now and “regular” republicans feel like he and DOGE are attacking them. Then they see the Trump administration rallying to support him. The GOP does not care about them but does care about him.

    This could backfire on the GOP and it is not going to sell a lot of cars.

    • suicidaleggroll@lemm.eeEnglish
      0·
      2 days ago

      Elon is really unpopular right now and “regular” republicans feel like he and DOGE are attacking them.

      Only those who have been personally harmed. The rest of them, and that’s the vast majority, actually believe Elon is cleaning up the government and finding/eliminating corruption. I work with one, he’s convinced everything DOGE has found and cut is corruption/fraud, the kids who are rooting through the Treasury are geniuses capable of finding things that no other administration has been able to (or been willing to?) find, and ultimately the Government is going to run more efficiently and taxes can be lower for regular people when it’s all said and done. They’re too deep in the rabbit hole to see the light.

      • Calcifer@eviltoast.orgEnglish
        0·
        14 hours ago

        Honestly, even if they’ve been personally harmed… They just move the goalposts. “He’s kidding! Oh he isn’t kidding? Well, it won’t hurt/affect me! Oh it did? Well it won’t be for long. Oh it’s permanent? We’ll this is necessary for it to get better. It didn’t get better? Democrat lies, I feel fine. I no longer feel fine? It’s the democrats fault!”

        Truest thing trump ever said was that he could shoot someone on fifth Avenue and not lose any votes. This guy could march into their home, murder their family and burn down the house right in front of their eyes and they’d still be saying “if only the Fuhrer knew”.

  • Birdie@thelemmy.clubEnglish
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    2 days ago

    When the government starts promoting particular products, whether it’s Goya beans or Teslas, there is a line being crossed. This administration is completely topsy-turvy.