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The White House's promotion of Tesla's stock is an ethics nightmare — and it's not even working
- Commerce Secretary Howard Lutnick promoted Tesla stock on Fox News despite its sharp decline, raising ethics concerns.
- Lutnick's endorsement of Tesla is part of a trend of Trump administration members supporting specific companies, which is seen as unethical.
- Ethics experts criticize the promotion, questioning potential conflicts of interest and violations of federal codes.
- The White House's backing of Tesla includes President Trump posing with Teslas and expressing support for Elon Musk.
- Critics point to government officials historically avoiding favoritism towards companies, unlike what is seen with Tesla.
- Lutnick's comments on Fox News and Cantor Fitzgerald's positive assessment of Tesla have attracted scrutiny.
- Past administrations also faced criticism for promoting specific businesses, such as Kellyanne Conway advocating for Ivanka Trump's fashion line.
- Complaints about favoritism towards Trump properties and businesses also surfaced during his presidency.
- Despite the White House's support, Tesla's stock continues to fall, with nine consecutive weeks of decline.
- The promotion of Tesla by government officials raises concerns about ethics, conflicts of interest, and the manipulation of stock prices.
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