Commerce Secretary Howard Lutnick hawks Tesla stock on TV: 'It'll never be this cheap again'

Group 1 - Commerce Secretary Howard Lutnick advocates for Tesla, stating that the stock is currently undervalued and will not be this cheap again [1][8] - Lutnick emphasizes the innovative technology and robots being developed by Tesla, suggesting that future investors will regret not buying the stock now [1] - Tesla's stock has seen a decline of over 50% from its peak closing price of $479 in mid-December, closing at approximately$235 recently [3][8] Group 2 - The decline in Tesla's stock price is attributed to weakening sales and controversies surrounding Elon Musk's political engagements [4] - Lutnick expresses confidence in Musk as a strong investment choice, regardless of whether the current stock price represents the bottom [4] - Recent protests against Musk have affected Tesla showrooms, with Musk attributing the unrest to political opposition [6][7] Group 3 - Lutnick, prior to his government role, was the chairman and CEO of Cantor Fitzgerald, which holds Tesla shares [3] - Trump has publicly supported Musk by purchasing a Tesla Model S, indicating confidence in Musk and the company [5][6]