In a surprising turn of events, President Trump's administration has initiated a whole-of-government effort to bolster Tesla, which is struggling amidst protests and declining stock prices. Recently, commerce secretary Howard Lutnick publicly urged viewers to purchase Tesla stock, emphasizing its perceived value. Despite these efforts, the company's stock has still faced continued pressure—losing around 6% recently—and protests related to Elon Musk's statements have affected brand perception, leading to damaging incidents at dealerships. This scenario has garnered significant attention at the White House, showcasing the unique intersection of politics and corporate support.
KELLY EVANS: Tesla shares are on track for another down week, losing about 6% since Monday. That could extend its record losing streak to nine straight weeks...
MEGAN CASELLA: ...officials across the Trump administration have really been working to support the company. And the latest and perhaps the clearest example came late last night when Commerce Secretary Howard Lutnick urged viewers...
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