Despite Commerce Secretary Howard Lutnick’s recent recommendation to buy Tesla stock, believing it to be undervalued, shares have fallen 10 percent to a new low of $214.80. This significant drop follows a 40 percent decline year-to-date, fueled by concerns about Tesla’s market competition and Elon Musk’s controversial actions. Lutnick’s public endorsement of the stock has raised ethical questions, particularly given his position and Musk’s ties to the administration. The situation has further intensified with criticism from Bill Ackman, who accused Lutnick of benefiting from economic downturn.
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Tesla’s first-quarter 2025 vehicle deliveries totaled 336,681, a 13% decrease year-over-year and falling short of analyst expectations. Production reached 362,615 vehicles, with Model 3 and Model Y accounting for the majority of production and deliveries. This decline coincided with planned factory upgrades and increasing competition, particularly in Europe and China, where market share significantly decreased. The shortfall in deliveries contributed to a 36% drop in Tesla’s stock price during the quarter.
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Musk’s outburst, calling Governor Walz a “huge jerk” for celebrating Tesla’s stock crash, highlights a fascinating clash of perspectives. It reveals a businessman’s frustration at seeing his company’s value plummet, but also underscores a broader societal unease with the immense power and influence wielded by figures like Musk.
The incident seems to stem from Governor Walz’s public display of happiness at Tesla’s declining stock price. This reaction, while perhaps unconventional for a political figure, reflects a sentiment shared by many who view Musk’s actions, particularly his mass layoffs and controversial public pronouncements, as detrimental. It taps into a deeper well of frustration with unchecked corporate power and its impact on the economy and society.… Continue reading
Elon Musk’s recent complaints about Democrats celebrating Tesla’s declining stock price contrast sharply with his past actions, including celebrating job losses. Public disapproval of Musk is widespread, with two-thirds of Americans stating they would not buy a Tesla, largely due to their negative perception of Musk himself. This negative sentiment is fueled by Musk’s controversial statements and actions, including attacks on political figures and concerns about his influence on the government. A majority of Americans now believe Musk holds excessive influence over Trump, further contributing to the public backlash.
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The “Tesla Takedown” movement, organized by groups like People Over Profits and Disruption Project, staged a protest outside a Manhattan Tesla showroom to denounce Elon Musk’s influence on the federal government. Protesters targeted Tesla, aiming to pressure Musk financially, citing his involvement in DOGE (Department of Government Efficiency) as an unelected official. The protests, coupled with reported vandalism and arson of Tesla vehicles, have coincided with a drop in Tesla’s stock price, though the FBI attributes the crimes to individual offenders. Despite some Tesla owners expressing support for Musk’s goals, protest organizers remain committed to their fight against what they perceive as his harmful influence.
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Commerce Secretary Howard Lutnick’s on-air endorsement of Tesla stock on Fox News, urging viewers to buy due to its “unbelievably cheap” price, has raised significant ethical concerns. This action, along with other White House endorsements of the company, is seen as a departure from traditional government practices and potentially violates federal code prohibiting the use of office for private gain. Ethics experts cite this as an optics issue, questioning the appearance of favoritism towards a company experiencing financial difficulties. The administration’s actions contrast sharply with historical norms of government neutrality in promoting specific businesses.
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Connolly’s call for an investigation into Commerce Secretary Howard Lutnick’s public encouragement of Americans to buy Tesla stock stems from a growing concern about the blurring lines between government officials’ actions and private financial interests. The situation involves Lutnick’s appearance on Fox News, where he reportedly urged viewers to invest in Tesla, a company whose CEO, Elon Musk, has been engaged in controversial actions, including mass firings and significant organizational restructuring.
The timing of Lutnick’s comments, occurring amidst considerable negative publicity surrounding Tesla, raises immediate questions about the appropriateness of his actions. His endorsement, given his position as Commerce Secretary, potentially carries significant weight and could unduly influence investment decisions based on his official status rather than impartial market analysis.… Continue reading
Record high Tesla trade-ins are being reported by Edmunds, coinciding with Elon Musk’s controversial tenure as head of the Department of Government Efficiency. This surge in trade-ins follows a 42% drop in Tesla’s stock price this year, fueled by public protests and increased competition from other EV manufacturers. The decline in Tesla sales and brand value is attributed, in part, to negative consumer sentiment surrounding Musk’s political activities. Edmunds data suggests a significant shift in consumer preference away from Tesla, creating a market opportunity for competitors.
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Minnesota Governor Tim Walz, the former Democratic vice-presidential nominee, lightheartedly revealed he monitors Tesla’s plummeting stock price for a mood boost, referencing the company’s CEO, Elon Musk. This comment, made during a Wisconsin speech and shared on TikTok, follows increased boycotts and protests against Tesla. Musk responded to Walz’s joke on X, highlighting the contrast in their reactions to perceived setbacks. Tesla’s stock decline is largely attributed to investor concerns stemming from Musk’s controversial political actions and statements.
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Tesla’s stock price recently experienced a decline following a recommendation from the Commerce Secretary to buy its shares. This unprecedented action, a first in history for a Commerce Secretary recommending a single stock, has sparked considerable controversy and fueled discussions about potential conflicts of interest and the overall health of the American economy.
The unusual nature of the recommendation itself raises significant eyebrows. Government officials generally avoid endorsing specific companies or stocks to maintain impartiality and prevent accusations of favoritism. This highly unusual step immediately cast doubt on the motives behind the advice. It suggests a level of intervention in the market that many find concerning, blurring the lines between government policy and corporate interests.… Continue reading
John Q. Hosedrinker 
Matt Underwood
Musk Slams Walz Over Tesla Stock Crash Celebration
Musk’s outburst, calling Governor Walz a “huge jerk” for celebrating Tesla’s stock crash, highlights a fascinating clash of perspectives. It reveals a businessman’s frustration at seeing his company’s value plummet, but also underscores a broader societal unease with the immense power and influence wielded by figures like Musk.
The incident seems to stem from Governor Walz’s public display of happiness at Tesla’s declining stock price. This reaction, while perhaps unconventional for a political figure, reflects a sentiment shared by many who view Musk’s actions, particularly his mass layoffs and controversial public pronouncements, as detrimental. It taps into a deeper well of frustration with unchecked corporate power and its impact on the economy and society.… Continue reading