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Commerce Secretary Recommends Stock Purchases

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iluvatar5150

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TSLA, specifically:



Tesla shares fell early Thursday after Commerce Secretary Howard Lutnick used a TV appearance to urge Americans to buy stock in Elon Musk's car company.

Why it matters: Cabinet secretaries don't typically recommend individual stocks, much less those linked to the president's closest adviser.

What they're saying: "I think, if you want to learn something on this show tonight, buy Tesla," Lutnick said on Fox News Wednesday evening. "It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again."​

Move along, folks. No corruption here.
 
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Nithavela

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you're in charge you can do it just get louis
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iluvatar5150 said:
TSLA, specifically:


​
Tesla shares fell early Thursday after Commerce Secretary Howard Lutnick used a TV appearance to urge Americans to buy stock in Elon Musk's car company.​
​
Why it matters: Cabinet secretaries don't typically recommend individual stocks, much less those linked to the president's closest adviser.​
​
What they're saying: "I think, if you want to learn something on this show tonight, buy Tesla," Lutnick said on Fox News Wednesday evening. "It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again."​

Move along, folks. No corruption here.
Click to expand...
Tesla is hilariously overvalued. The only reason a short is a bad idea is because many other people have also recognised it and nobody can tell when the bubble bursts.
 
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FireDragon76

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GoldenBoy89 said:
You mean to tell me Trump doing his best Cal Worthington impression didn’t work out for Tesla?
Click to expand...

People can recognize a sleazy used car salesman when they see it.
 
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FireDragon76

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Belk said:
<Sigh>

Empirical evidence suggest otherwise. :(
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That's why people voted for him. They like him better as a president than a salesman. Voting for a deranged clown, who couldn't even make money off a casino, was a nihilistic middle finger to perceived "elites".
 
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Akita Suggagaki

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iluvatar5150 said:
Cabinet secretaries don't typically recommend individual stocks, much less those linked to the president's closest adviser.
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Isn't that illegal? I guess not. But it should be....using power and influence to manipulate the market.
 
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iluvatar5150

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Akita Suggagaki said:
Isn't that illegal? I guess not. But it should be....using power and influence to manipulate the market.
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Who knows at this point. Musk recently went on Joe Rogan's show and claimed that he'd be assassinated if he gave away the methods that politicians use to commit insider trading. I guess he decided to just use the straightforward approach to cheating at the market.
 
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DaisyDay

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Akita Suggagaki said:
Isn't that illegal?
Click to expand...
Impeach the judges! Deport the lawyers!
Akita Suggagaki said:
I guess not.
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Lex rex or rex lex?
Akita Suggagaki said:
But it should be....using power and influence to manipulate the market.
Click to expand...
Title 5..Chapter 16.Part 2635.Subpart G..Section 2635 - Amended March 12, 2025:

§ 2635.702 Use of public office for private gain.​

An employee may not use their public office for their own private gain; for the endorsement of any product, service, or enterprise (except as otherwise permitted by this part or other applicable law or regulation); or for the private gain of friends, relatives, or persons with whom the employee is affiliated in a nongovernmental capacity, including nonprofit organizations of which the employee is an officer or member, and persons with whom the employee has or seeks employment or business relations. The specific prohibitions set forth in paragraphs (a) through (d) of this section apply this general standard, but are not intended to be exclusive or to limit the application of this section.​
​
<snip>​
​
(c) Endorsements. Employees may not use or permit the use of their Government position or title or any authority associated with their public office to endorse any product, service, or enterprise except:​
​
(1) In furtherance of statutory authority to promote products, services, or enterprises; or​
(2) As a result of documentation of compliance with agency requirements or standards or as the result of recognition for achievement given under an agency program of recognition for accomplishment in support of the agency's mission.​
​
(d) Performance of official duties affecting a private interest. To ensure that the performance of their official duties does not give rise to an appearance of use of public office for private gain or of giving preferential treatment, employees whose duties would affect the financial interests of a friend, relative, or person with whom they are affiliated in a nongovernmental capacity must comply with any applicable requirements of § 2635.502.​

This is what got Kellyanne Conway scolded when she promoted Ivanka's jewelry line on national tv.
 
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