Lutnick's Tesla Endorsement Sparks Controversy

Commerce Secretary Howard Lutnick has sparked controversy by publicly endorsing Tesla stock on Fox News, a rare move for a U.S. cabinet member that raises ethical concerns. Lutnick argued that Tesla's stock, despite a 35% decline, presents a unique buying opportunity, citing Elon Musk's technological innovations. However, his comments come amidst Tesla's struggles, including backlash against Musk's role in the Trump administration's Department of Government Efficiency (DOGE). Critics point to possible conflicts of interest, given Lutnick's ties to Cantor Fitzgerald, which holds Tesla shares, though he has agreed to divest his business interests. Lutnick's endorsement coincides with Cantor Fitzgerald's decision to upgrade Tesla's stock rating, raising further questions about his impartiality. The recommendation has intensified protests and public resentment towards Tesla, highlighting the intersection of politics, business, and ethics.