US Trade Minister Howard Lutnick advised investors to buy Tesla shares, noting that their affordability is “unbelievable.” The loss in Tesla shares has exceeded 40% since the beginning of the year. During an appearance on Fox News, Lutnick highlighted Tesla’s CEO Elon Musk as probably the best entrepreneur, technology expert, and company leader working for the US, while alleging that the Democratic Party is oddly attacking Musk. Lutnick emphasized that Musk will build new-generation technologies and expressed that it is “unbelievable” that Tesla shares are so cheap. He stated, “When people understand the robots and technologies he builds, they will never be this cheap again. They will dream of today and think ‘I should have bought shares of Elon Musk’s company.’ So, who wouldn’t invest in Musk?” Lutnick mentioned that Musk is probably the best person he has ever bet on, adding that he would also invest in Tesla shares if allowed.

MUSK’S ENTRY INTO POLITICS HAS NOT BENEFITED TESLA
After US President Donald Trump took office on January 20th, the decline in the company’s shares drew attention, with Tesla shares losing over 40% since the beginning of the year. Elon Musk, who headed the Department of Government Efficiency (DOGE) in the Trump administration and aimed to reduce federal bureaucracy, has recently faced criticism. Musk, who faced backlash due to his political statements, saw protests against Tesla’s car dealers and arrests during the demonstrations. Trump posed with Tesla vehicles brought to the White House garden last week to emphasize his support for Musk, stating, “I will buy one because, firstly, it’s a fantastic product, the best it can be. Secondly, this man has devoted his energy and life to this, and I think he has been treated unfairly.” Following Trump’s election as president, Tesla’s shares reached an all-time high of $488.54 in mid-December last year.