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Pathikrit Bose

Commerce Secretary Howard Lutnick Says You Should Buy Tesla Stock

Tesla Inc. Howard Lutnick Commerce Elon Musk

Tesla (TSLA) CEO Elon Musk recently got a ringing endorsement from Commerce Secretary Howard Lutnick, who urged investors to buy the dip in the company’s stock. In an interview with Fox News, Lutnick said, “If you want to learn something on this show tonight, buy Tesla. It’s unbelievable that this guy’s stock is this cheap. It will never be this cheap again when people understand the things he is building.”

With the stock down 31% on a YTD basis, the risk-reward balance may have finally turned favorable, especially for long-term investors.

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