An American politician advisor to buy Tesla actions made the headlines for all bad reasons
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by Sam D. Smith
March 21, 2025 at 5:44 PM
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- Commerce secretary, Howard Lutnick, advised the public to buy Tesla shares during an interview.
- Lutnick’s ties with Tesla, and the office he occupies, have raised questions from the Connolly representative.
- The calls for Musk to withdraw while Tesla CEO continues to become stronger every day.
The Tesla action is down some 35%, protests against the company seem to warm up and vandals continue to target the exposure rooms and the products of the electric vehicle manufacturer. Meanwhile, while questions are raised about the adequacy of Elon Musk as the CEO of the company, a political showdown tries to put the ship back in the background.
Now, the American representative of Virginia has openly called for an investigation into how the Trump administration “uses taxpayers’ money to enrich the president’s inner circle”, because representative Gerry Connolly claims that there was a violation of ethics.
Buy, buy, buy?
The declaration under supervision was pronounced earlier this week when the commercial secretary Howard Lutnick made a reasonably pointed out to the public: advisor to the Americans to buy Tesla actions, by comparing its current action of action to a unique opportunity. This remark was made during an appearance on Jesse Watters at prospecting hours On Fox News, where he was asked about the ongoing attacks against Tesla, including those who target dealers, charging stations and even private cars.
Read: Tesla European sales are down 45% while the EV market increases by 31% in 2025
“I think that if you want to learn something in this program this evening, buy Tesla. It is incredible that the stock of this type is so cheap. It will never be cheap,” said Libnick in an interview on Wednesday on Fox News. He added: “I mean, who wouldn’t invest in Elon Musk? You have to joke about me.”
https://www.youtube.com/watch?v=_hdkd7nhqn8
However, a problem with its recommendation is that Lutnick can benefit from it. According to a report of Yahoo FinanceThe former Lutnick company, Cantor Fitzgerald, improved Tesla’s shares on the same day and invested massively in the company. Although Lutnick has officially sold from the company, his sons are now occupying higher roles, and Cantor maintains a price target of $ 425 on Tesla after a visit to the AI data center of the automaker and the production line.
Plus: Photo shows Trump reading Tesla’s point of sale in the new pop-up store of the White House of Musk
While some high -level Republicans have joined Musk’s defense – Trump himself presented Teslas to the White House and bought two models – others are starting to call for a leadership change. Ross Gerber, a longtime investor of Tesla and CEO of Gerber Kawasaki Wealth Management, now urges Musk to resign. “He doesn’t direct Tesla,” said Gerber News. “The company has been neglected for too long.”
Call for an investigation
But now Lutnick’s approval attracts its own examination. Representative Gerry Connolly, the classification democrat of the Chamber’s supervisory committee, officially asked for an investigation into Lutnick’s comments, arguing that an practice secretary encouraging the public to invest in a specific company, in particular to linked so closely to the administration – crosses a clear ethical line.
More: more than 80 Tesla cars have vandalized in the Canadian dealer in the largest attack to date
“This is only the last example of the Trump administration using taxpayers’ resources to enrich the president’s inner circle,” said Connolly in a letter to the interim lawyer of the Ministry of Commerce, reported The hill. He demanded the financial disclosure of Lutnick and internal communications related to the maintenance of Fox, including emails with the White House, the government’s ethics office and other surveillance organizations.
The request for a survey follows a series of recent measures from the Trump administration to oust surveillance dogs from the independent agency and reduce the regulatory allocation – the efforts of the Doge of Musk would have supported. Connolly accused Musk of having used his double role in the government and the private sector to bring mass dismissals and deregulation while generously enjoying chaos.
Plus: the American prosecutor general leaves after the Tesla attackers, 3 people face up to 20 years in prison
“Tesla belongs to an individual who received a license by the president to shake and make his way through the federal government,” wrote Connolly. “These violations in progress of the law require an adapted response to the level of abuse to deter more anarchy and to guarantee that the American people that the members of this administration seek to serve all people rather than enriching some selected.”
While political spotlights burn brighter and ethical questions accumulate, Tesla-Musk’s account is complicated. What started as a revolutionary society is now entangled in the partisan war, federal surveys and self-enrichment allegations at the highest levels. Tesla remains to be seen through this storm or becomes collateral damage in a much more important conflict.
