The Ethical Concerns Surrounding the White House’s Push for Tesla’s Stock, with Little Success
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Howard Lutnick, the Commerce Secretary, promoted Tesla's stock as being incredibly undervalued during an appearance on Fox News. His endorsement is part of a trend within the White House to support Elon Musk's company despite its recent decline in stock value. This move has raised eyebrows among ethics experts who believe it is inappropriate for government officials to influence the stock market. In his Fox News appearance, Lutnick encouraged viewers to invest in Tesla, emphasizing the current low price and predicting that it will not stay at this level for long. This incident is just one example of the Trump administration publicly endorsing specific companies, a departure from the traditional practice of government officials avoiding such endorsements. The collaboration between the administration and Tesla has led to criticism and concerns about ethical standards. While representatives from the Department of Commerce, the White House, and Tesla declined to comment, the issue remains unresolved. Recent protests against Tesla's employment practices, along with a drop in sales due to a consumer boycott, have brought further attention to the administration's support for the company. President Trump even expressed his support for Tesla by posing with the vehicles on the White House grounds and suggesting he would purchase a Tesla Model S. This endorsement has further fueled the debate on government officials promoting specific companies and the potential impact on public perception and ethical standards.

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