Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, calling CEO Elon Musk "probably the best person to bet on" he had ever met.
It‘s a bad bet because he is so insanely rich and powerful. Just take a look at Putin‘s Gasprom. Oligarchs know how to extract money out of a company before lesser oligarchs can get their hands on it. Avoid any stocks that are too close to the government right now.
It is frankly a terrible business move for a company to align itself with the government.
I think it is funny that Zuck decided to align himself with the administration. I’m sure it was to avoid being thrown under the bus by Trump but I don’t think it is helping there general PR.
It‘s a bad bet because he is so insanely rich and powerful. Just take a look at Putin‘s Gasprom. Oligarchs know how to extract money out of a company before lesser oligarchs can get their hands on it. Avoid any stocks that are too close to the government right now.
It is frankly a terrible business move for a company to align itself with the government.
I think it is funny that Zuck decided to align himself with the administration. I’m sure it was to avoid being thrown under the bus by Trump but I don’t think it is helping there general PR.