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Mar 19, 2025 Howard Lutnick publicly urged television viewers to buy Tesla stock Tier 1 · Primary Economic Structure
The Commerce Secretary's stock endorsement, benefiting a top presidential adviser and donor, violated federal ethics rules against using office for private gain.
Primary sourceA record that carries the claim alone
Independently corroborated by3 independent news desks
Supporting reportingSurfacings — do not carry alone
Supporting reports
- Commerce Secretary encouraged Tesla stock purchase — On Fox, Commerce Secretary Howard Lutnick encouraged viewers to buy Tesla stock, which would benefit shadow president and top Trump donor Musk and is against federal ethics regulations.
- Musk calls for prosecution of Pentagon leakers — Elon Musk expressed anger over leaks regarding his Pentagon briefing, calling for the prosecution of those responsible. He labeled the New York Times' reporting as propaganda and demanded accountability for the leaks. This reaction highlights tensions between private individuals and government transparency, as well as the potential chilling effect on whistleblowers.
- Commerce Secretary Howard Lutnick endorsed Tesla stock on Fox News, violating federal ethics rules — Commerce Secretary Howard Lutnick urged the Fox News Channel audience to buy Tesla stock on Wednesday, an endorsement that violated federal ethics rules. The endorsement failed to prop up the stock price. This followed Trump's sales pitch for Teslas at the White House on March 11.
- Record number of Teslas traded in March — Reuters reported a record number of Tesla vehicles being traded in March, with data showing 1.4% of all vehicles traded were Teslas, up from 0.4% the previous year. This increase reflects growing consumer dissatisfaction with Tesla, potentially linked to Elon Musk's political involvement and public statements. The trend may impact Tesla's market position and brand perception.
Verified: Tier 1 primary record
Week 9 – 2025-03-15–2025-03-21
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