StockNews.AI
TSLA
Business Insider
152 days

Commerce Secretary Howard Lutnick hawks Tesla stock on TV: 'It'll never be this cheap again'

1. Commerce Secretary says Tesla stock is currently very cheap. 2. TSLA shares dropped over 50% from record highs in mid-December. 3. Lutnick encourages buying Tesla, suggesting future appreciation. 4. Trump’s recent event supports Tesla amidst ongoing controversy. 5. Musk highlights protests and vandalism against Tesla dealerships.

5m saved
Insight
Article

FAQ

Why Bullish?

Lutnick's endorsement highlights a potential undervaluation; similar endorsements historically rallied stocks. For example, Trump's support often bolstered stocks during his presidency.

How important is it?

A government official's support could draw attention from investors, impacting demand for TSLA shares positively.

Why Short Term?

Immediate reactions to endorsements tend to affect stock prices in the short term. Previous analyst recommendations led to quick price increases in TSLA.

Related Companies

Related News