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Trump Administration's Promotion Of Elon Musk's Tesla Draws Criticism From Experts: 'The Commerce Secretary Is Not Jim Cramer,' Says Former Ethics Counsel - Tesla (NASDAQ:TSLA)

1. Commerce Secretary promotes Tesla on Fox, claiming it won't be cheaper again. 2. Tesla shares down over 38% YTD amid public backlash and protests. 3. Ethics experts criticize administration's support, suggesting conflict of interest. 4. Despite challenges, Cathie Wood invests $2.21M in Tesla amid recalls and trade-ins. 5. TSLA stock rose 5.27% in the latest session, indicating some market resilience.

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FAQ

Why Bullish?

While promotion raises ethical concerns, it may attract buyers interested in value.

How important is it?

Political backing could temporarily bolster TSLA’s stock amid declining value.

Why Short Term?

Immediate trading activity might respond positively to the promotion despite ongoing challenges.

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