In a recent television interview, Commerce Secretary Howard Lutnick expressed his opinion that now is an opportune time to buy Tesla stock, which he described as 'unbelievable' and 'cheap.' Lutnick highlighted that Tesla shares have fallen over 50% from their previous peak, emphasizing that as people start to recognize the innovations being developed at Tesla, they will regret not investing at this moment. His statement comes amidst challenges facing Tesla, including declining sales and controversies surrounding Elon Musk. Lutnick has prior ties with Musk from the 2016 political landscape.
"I think if you want to learn something on this show tonight, buy Tesla. It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again."
"When people understand the things he's building, the robots he's building, the technology he's building... they’re going to be dreaming of today, thinking, 'Gosh, I should have bought Elon Musk's stock.'"
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