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The White House's promotion of Tesla's stock is an ethics nightmare — and it's not even working

Andrew Harnik/Getty Images

  • Commerce Secretary Howard Lutnick pushed "unbelievably cheap" Tesla stock on Fox News this week.
  • Lutnick is the latest White House member to promote Elon Musk's company amid its sharp stock decline.
  • Ethics experts say it's cause for concern. "The Commerce Secretary is not Jim Cramer," one said.

Since the beginning of the year, Tesla's stock has dropped almost 42%, shedding some $500 billion in market value. As Commerce Secretary Howard Lutnick told Fox News viewers...

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