Investors reexamined what Howard Lutnick, the commerce secretary for Donald Trump, said about Tesla property a month ago as the stock hit a new low on Monday. Tesla’s share dropped last month as a result of the worldwide outcry against Elon Musk due to his sway with the Trump presidency. In a world Tesla Operation system, hundreds of Tesla cars were set on fire. Lutnock at the time stated that Tesla stock would never fall below this level, so people should purchase Tesla shares. Tesla stocks dropped to$ 214.80 from$ 235.86 when Lutnick made his notes on Monday, though.
In March, Lutnick told Fox to encourage people to put their money in the company of a Trump administration staff, saying,” I think if you want to know something on this show now, it’s buy Tesla.” Lutnick remarked,” It’s incredible that this guy’s investment is this cheap,” and that Muyis is the best bet on.
On Monday, Tesla’s stock price peaked at$ 223 per share. By 10:30 a.m., it had dropped back to$ 225 per share, but it had remained around$ 227 per share by noon. It vascillated throughout the morning, rising to about$ 244 per share by 10:30 a.m. It had reached a level of about$ 228 per communicate by 1 p. m. ET.
Elon Musk’s opinion of the Trump tax
Elon Musk has called for a zero-tariff trade agreement with Europe and publicly opposed Trump’s tax. Navarro’s response to a post on X was described as” a bad thing, not a good thing.”
Musk therefore advocated for a US-European zero-tariff trade, even though Trump has imposed a 20 % tax on the European Union. According to Musk,” I hope it is agreed that both Europe and the United States may proceed essentially, in my opinion, to a zero-tariff position, properly establishing a free-trade area between Europe and North America.”
Musk’s opinions were refuted by Navarro, who claimed that the auto salesman is speaking as a salesperson because of his negative business interests. Elon’s understanding of the fact that he sells cars is what I believe is essential. That is what Navarro does, he claimed.
