Commerce Secretary Howard Lutnick promoted Tesla stock on Fox News, calling it ‘unbelievably cheap.’ This marks the latest instance of Trump administration members promoting Elon Musk’s company amid its stock decline. Ethics experts have raised concerns over this practice. ‘The Commerce Secretary is not Jim Cramer,’ one expert remarked. Since the start of the year, Tesla’s stock has dropped nearly 42%, losing about $500 billion in market value. Lutnick’s comments follow other White House efforts to support Musk’s company, including a promotional event at the White House where President Trump posed with Teslas and announced his intent to purchase a Model S. Despite these efforts, Tesla’s downward stock trend has not reversed. Experts argue that government officials endorsing specific companies violate federal codes prohibiting the use of office for private gain or endorsements of products and services. — news from Business Insider