Commerce Secretary Urges Fox News Viewers To Buy Tesla Stock: ‘Elon Musk Is Probably the Best Person To Bet On!’
https://www.mediaite.com/tv/commerce-secretary-lutnick-urges-fox-news-viewers-to-buy-tesla-stock-elon-musk-is-probably-the-best-person-to-bet-on/Open linkView original on lemmy.world529
Comments98
This is most probably illegal, even in the US. But, oh well, it's just Wednesday in naziland.
It's almost certainly a huge ethics violation. And it's disgusting. The gop doesn't even pretend to have integrity anymore.
No market manipulation is illegal in the USA for quite some time now.
Illegal is only illegal if someone is willing to prosecute it. Who pray tell is going to charge the Secretary of Commerce?
Google that guy and his relationship with Tether Inc.
Okay, got it. I’m a bit confused though about how that changes my statement around the fact he won’t be charged.
I think they meant it just as a "he's even more slimey then you think!" not an indication of if they'd be charged or not.
Got it! Yeah it’s hard not to hate how much they’re getting away with.
Yep
The Democrats are going to have to wave those little round signs extra hard.
And then vote for the bill that makes this legal.
Read up on the Hatch Act
Remember Trump 1.0 selling beans straight from the White House?
Apart from that, TSLA most certainly is not good to bet on, despite its owner being one of the richest and most powerful people in the USA rn.
It‘s a bad bet because he is so insanely rich and powerful. Just take a look at Putin‘s Gasprom. Oligarchs know how to extract money out of a company before lesser oligarchs can get their hands on it. Avoid any stocks that are too close to the government right now.
It is frankly a terrible business move for a company to align itself with the government.
I think it is funny that Zuck decided to align himself with the administration. I'm sure it was to avoid being thrown under the bus by Trump but I don't think it is helping there general PR.
did someone say beans?!
Beans and beans and beans.
Pick 'em, hull 'em, put on the steam
On Lemmy? Impossible!
Eh, as long as he stays in Trump's favour, Tesla will get a bunch of government contracts to keep them afloat. There was already the state department contract, they can keep slinging more contracts his way of they like.
Government needs to buy a hell of a lot of cars to minimize the losses Tesla is reeking in everywhere else.
EV sales grew by 27% still Teslas is down 70% in Germany.
Btw. who should drive them if all government workers get fired?
Am I the only person picturing a giant decommissioned airfield in Arizona completely covered in purchased and unused government Teslas?
I heard they spend so much time on lots they become bug infested.
I turn those around every time I go to the store now. They are "Goya" beans, and they are very shy.
I do not remember trump selling beans. It honestly sounds more like something from the Carter playbook. I can imagine Carter with a nice little bean farm. I cannot envision trump doing even miniscale farming.
Carter literally had a peanut farm. It was so controversial that a president would own a farm that he sold it to avoid a conflict of interest.
Yeah......I feel like you think you're explaining some radical new information, when that same information is the foundation of my comment to begin with.
Thanks Captain Plot-Summary!
I explained no plots.
https://www.snopes.com/fact-check/donald-trump-goya-beans/
Goya shill is unreal
This is the jackpot Snopes employees live for.
Long after Skynet gains self-awareness the people of the corpocracy will look at the picture and say: is this how we got here?
Goya
What does farming have to do with anything? It was a paid endorsement, an infomercial run by the sitting President of the US. It's disgusting.
Except for the fact that he is single handedly responsible for a massive decrease in teslas value. I would not bet on anything he touches because even if he were loved inside the US, he is now despised everywhere else. Tesla was built on left wing progressive ideals and so was spacex, and solarcity, etc etc. Musks turn to the right betrays all of those who liked his companies for ideological reasons. I don't expect tesla stock to recover any time soon.
This.
Not sure how he imagined a hard pivot from the left to the right was going to pan out.
Early on I was a huge fan and kept telling others he wasn't like the other CEOs, it wasn't about the money. It became obvious a couple years ago I was horribly wrong. The worst part is some of the people who distrusted him before now are all in.
These people are not charismatic at all, I don't get how they keep fooling people.
He's been a known union buster for a long time tho
Yeah at that point I was still believing his BS about how it wouldn't be good for the employees or the company. I just got hopped up on someone finally helping stop climate change in a meaningful way.
Simpler times...
'* * cough * * WaitButWhy * * cough * *
Just an international correction to compensate for the US' Overton Window:
*wealthy believers of climate change.
"Left-wing" is such a polluted term now lol.
If Tesla was built on left-wing progressive ideals it would be a workers co-op focusing on quality. It's always been a for-profit company from day one.
Thank you for this transcript. I doubt I could have made out anything of what Lutnick was saying given how deep into Elon's asshole his tongue appears to be.
This literally reads like a child's homework assignment to "write about your hero" lmao
No, he didn't.
No, he doesn't.
The fascism stage lol
That's awesome
When the government starts promoting particular products, whether it's Goya beans or Teslas, there is a line being crossed. This administration is completely topsy-turvy.
The precedent was set with Goya. It's now only permissible to the GOP. President sponsored private businesses is such a fucking insane thing.
https://abcnews.go.com/Politics/biden-floors-electric-ford-truck-test-drive-pushes/story?id=77764009
Disgusting. His "joke" about running over the reporter is even worse.
tesla must be loving their image shifting from a "cool tech company" to a brand only loved by insufferable partisan pricks.
Brand that old uncool politicians go on tv and beg people to buy.
Good thing American consumers love desperation.
He forgot the Golden Rule.
Never bet on a fucking Nazi.
Never try to invade Russia during winter
Unless you're the Mongols of course.
So the big guys want to dump, right? Is reverse Cramer still up?
Just the year. The start of subsidized time.
United states of Tesla sounds better.
I still prefer United States of Moronica.
Encourage the public to buy it while executives unload millions, yeah, wonder why they are recommending that.
He literally rug pulled a shit coin and then did it again with Melania lol
It's two part. Trump's cabinet is filled with natural liars, and they love money more than life itself.
People who take this advice are going to be disappointed when Tesla gets outcompeted by every other EV company and it drops to zero. It's just like the trump shitcoins. Just scamming their base at every turn because they've gotten used to lying about everything without consequences.
matter of time before Seattle starts disregarding tariffs and dumping teslas into the harbor
So much for the old "the government should not pick winners and losers!" line conservatives used to swear by...
Repeat after me:
Once upon a time, Government was neutral towards brands. Or at least not as blatantly biased as Trump and Lutnick are.
They're starting to reek of fear...
Having these guys shill for Tesla is not going to help the stock. It looks desperate. It turns off the core buyers even more.
There are two groups of Republican at this point. There are quite a small number of ultra rich people. There is an army of mostly not that well off folks. The latter cannot afford Teslas and have seen them as the enemy forever. This is going to highlight that the main GOP principle is supporting rich allies. It shines sunlight on a very dangerous fact.
Elon is really unpopular right now and “regular” republicans feel like he and DOGE are attacking them. Then they see the Trump administration rallying to support him. The GOP does not care about them but does care about him.
This could backfire on the GOP and it is not going to sell a lot of cars.
Only those who have been personally harmed. The rest of them, and that's the vast majority, actually believe Elon is cleaning up the government and finding/eliminating corruption. I work with one, he's convinced everything DOGE has found and cut is corruption/fraud, the kids who are rooting through the Treasury are geniuses capable of finding things that no other administration has been able to (or been willing to?) find, and ultimately the Government is going to run more efficiently and taxes can be lower for regular people when it's all said and done. They're too deep in the rabbit hole to see the light.
I'm thinking this administration is backfiring like crazy
I'm not sure what they are smoking but I want some
Commerce Secretary is heavily invested in tesla stock.
dump that stock.
make the bank collect on Elon tesla stock loan collateral.
make Elon pay taxes on that stock.
Yes fox viewers, you can be bag holders, do it.
We'll be back with more US government right after these messages!
Tesla is the worst stock to buy rn.
Because of its blatant ties to fascist ideals or because its price to earnings ratio is more than 100 when it should be (and I'm being really generous and saccharinely optimistic here) more like 20?
Or, realistically, 8ish.
Ignoring the moral implications, its going down really fast. Like, whenever I'm feeling down or annoyed, I just check their stock price.
I, too, find the schadenfreude delicious
Or the fact that Musk was pulling Tesla resources for X.
Or the fact that Musk
What's the inverse Cramer strategy say right now? We'll finally answer the question, what happens when an unimprovable slob meets an inscrutable fart.
Drain the swamp and put all the rancid stagnant sludge in government.
No, swamps are vital to the environment. Landfills are not.
I've seen some folks on Wall Street bets make bank off of puts? for Tesla.
Idk.. maybe it's puts.. I don't dabble in that stuff...
What ever it is when the stock goes down..
Puts are another way to bet against the stock without the risk of your bet ballooning beyond a 100% loss. Lots of Puts and pessimism
Oh cool
Edit I just read some stuff, how would a put negatively impact the price of stock?
Ah thanks!!
Or puts
So we should all short that stock.... Sure
There's probably enough people who don't know what a dividend is, or are willing to lose money to own the libs, that this might work.
sounds like everybody on trumpys cabinet is a salesman~
hearing a commerce secretary salespitch just sends in bad signals.
Busy draining the swamp over there...
I was hoping this guy would be different, based on his back story. But, nope, clearly he's drinking the Flavor-aid as well.
His backstory involves being born rich on the backs of his family's emerald mine slaves. Why would you expect better than any other rich asshole?
Well it also involves taking care of the families of his employees that were killed in the 9/11 attacks. But, yeah.
Note: the following vitriol is solely for Musk. I got no issue with you, just feeling spicy.
Yeah I guess you could get benefits when you were being paid to work for him and his PR team wasn't "KETAMINE!". But those people whose lives his family stole can go fuck themselves cause they don't have a PR team to make people care about them.
Elon Musk is over. Done. Finished.
Nobody will listen to him in a long time.
Not so sure about that. Clinton got a blow job in the oval office, lied about it to the public. He went on to become very popular.
Arnold S had sex with his maid, crushed his marriage. Still very popular.
True. The common theme between those two is they both have way more charisma than musk ever has or will.
So how much were you paid to lie about this?