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The Guardian - US

World

Martin Pengelly in Washington

Tesla stock falls after Trump official urges Americans to ‘invest in Elon Musk’

Elon Musk Tesla Inc. Howard Lutnick America Donald Trump Fox Jesse Watters Fox News SpaceX

people hold signs while standing along a road — People protest outside a Tesla facility in Arizona on 15 March 2025. Photograph: Eduardo Barraza/ZUMA Press Wire/REX/Shutterstock

Donald Trump’s commerce secretary told Americans to buy stock in Elon Musk’s electric car company, only for shares in Tesla to keep falling.

“I think, if you want to learn something on this show tonight, buy Tesla,” Howard Lutnick told Fox News on Wednesday. “It’s unbelievable that this guy’s stock is this cheap. It’ll never be this cheap again.”

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