Trump’s US Commerce Secretary, who owns Tesla stocks, publicly recommends to buy TSLA | Electrek

Trump’s US Commerce Secretary, who owns Tesla stocks, publicly recommends to buy TSLA



by LurkerFromTheVoid

20 comments

  1. He does not understand what conflict of interest means and is not interested in learning; his boss is the same way, and they nothing to worry about Congress coming after them. However, it does not do Tesla any good. Both, new and used Tesla sales are falling like a rock.

  2. More on this subject from other reputable sources:

    —
    – Business Insider (B-): [Elon Musk voices ‘shock’ at Tesla ‘hatred,’ vandalism](https://www.businessinsider.com/elon-musk-responds-tesla-vandalism-protests-2025-3)
    – Guardian (C+): [Tesla backer says Musk must reduce Trump work, as 46,000 Cybertrucks recalled](https://www.theguardian.com/technology/2025/mar/20/tesla-musk-trump-work-cybertruck-recall-dan-ives-protests)
    – ABC News (B+): [Tesla vehicles hit with ‘targeted attack’ in Las Vegas, among other acts of vandalism](https://abcnews.go.com/US/tesla-vehicles-vandalized-us-musk-began-white-house/story?id=119910817)
    – wionews.com (C+): [‘They want to kill me’: Musk claims ‘bad people’ want to assassinate him, ‘hurt’ Tesla](https://www.wionews.com/world/they-want-to-kill-me-musk-claims-bad-people-want-to-assassinate-him-hurt-tesla-8869679)

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    [__Extended Summary__](https://www.reddit.com/r/newswall/comments/1jfrjzq/) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I’m a bot

  4. Meanwhile the rest of the government is dismantling electric car infrastructure

  5. It’s hilarious how the president of the US, and now the US secretary of commerce are advertising for Tesla and still NOT WORKING!!! Hahahahahahaha

  7. That sounds like financial advise. Does that mean if we buy it and it tanks, he’s liable?

  8. Everything that has been said about other countries is coming true about this one.

  9. The nerve and corruption of a political administration telling its citizens to financially prop up and bail out the sigue-heiling, richest man on the planet.

  11. Yooo. They’re just out front with their illegal shit 🤣🤣🤣

  12. A U.S. Secretary of Commerce who owns Tesla (TSLA) stock should not publicly recommend purchasing TSLA shares, as this could lead to conflicts of interest and potential violations of federal ethics laws.

    Conflict of Interest Laws:

    Federal regulations, specifically 18 U.S.C. § 208, prohibit government employees from participating in official matters where they have a financial interest. This statute ensures that personal financial interests do not influence official actions.

    Implications of Public Stock Recommendations:

    If a Commerce Secretary publicly endorses a stock in which they hold a financial interest, it could:

    Influence Market Behavior: Such recommendations might affect the stock’s market performance, potentially benefiting the official’s investments.

    Undermine Public Trust: The public may perceive the endorsement as leveraging official authority for personal gain, eroding confidence in the government’s integrity.

    Precedents and Ethical Expectations:

    Past incidents have highlighted the importance of avoiding conflicts:

    Wilbur Ross Case: The former Commerce Secretary faced scrutiny for not fully divesting from certain holdings, leading to potential conflicts during his tenure.

    Penny Pritzker’s Divestitures: Upon her nomination, she agreed to divest from numerous companies to prevent conflicts, exemplifying proactive ethical compliance.

    Conclusion:

    To uphold ethical standards and maintain public trust, a Commerce Secretary owning Tesla stock should refrain from publicly recommending its purchase. Ideally, they should consider divesting such holdings or placing them in a blind trust to prevent any real or perceived conflicts of interest.

  13. How Do These Issues Impact the Common Man Struggling to Afford Eggs and Gas?

    While conflicts of interest, blind trusts, and stock recommendations seem like issues for politicians and billionaires, they trickle down to affect everyday people, especially those struggling with inflation, gas prices, and basic necessities. Here’s how:

    —

    1. When Government Prioritizes Corporate Interests Over Everyday Needs

    If a Commerce Secretary (or any high-ranking official) promotes a company they are financially tied to, it distorts economic policy priorities.

    Instead of focusing on lowering costs for consumers, officials might favor policies that boost corporate profits, which can increase the cost of goods for everyday Americans.

    🔹 Example:

    If the government backs EV incentives that favor Tesla over gas cars, it could lead to higher gas prices, disproportionately hurting people who can’t afford EVs.

    Instead of prioritizing policies to lower food and gas prices, officials might focus on boosting stock markets for their own benefit.

    📌 Impact on You: If government decisions are influenced by personal financial gains, policies might not be designed to help struggling families—they’re designed to help insiders make money.

    —

    2. Stock Market Manipulation & Corporate Favoritism Make the Rich Richer

    When officials publicly recommend stocks, wealthy investors benefit while everyday people deal with price hikes.

    Big corporations get special treatment, while small businesses and regular workers get left behind.

    🔹 Example:

    If a government official promotes Tesla stock, wealthy investors can buy in early and make money.

    Meanwhile, everyday consumers still struggle to afford groceries and gas because government policies don’t prioritize reducing inflation.

    📌 Impact on You: If government policies favor stock market gains over real-world cost-of-living relief, the rich get richer, and the poor get poorer.

    —

    3. When Inflation is Fueled by Political & Corporate Decisions

    Many Americans struggle with the cost of eggs, gas, and rent due to inflation, but much of that inflation is linked to government policies and corporate favoritism.

    If government officials are more focused on helping their investments, they may not take aggressive action to curb inflation.

    🔹 Example:

    If the Commerce Secretary pushes for corporate tax breaks that benefit Tesla or other big businesses, but doesn’t fight for policies to reduce food costs, groceries remain expensive.

    If interest rates are kept artificially low to boost the stock market, inflation stays high, making food and gas more expensive.

    📌 Impact on You: The government has the power to bring down prices, but if officials care more about stocks than food prices, everyday people continue to suffer.

    —

    4. Corporate-Influenced Policies Create Economic Inequality

    Government officials should be working to lower costs for working-class families, but if they are financially tied to big businesses, they might shape policies that benefit corporations instead.

    This increases the wealth gap—the rich keep making money off stocks, while the average American pays more for food, gas, and rent.

    🔹 Example:

    Billionaires and politicians use tax loopholes and blind trusts to build wealth.

    The middle class gets squeezed by rising costs while wages stay the same.

    📌 Impact on You: If the government isn’t prioritizing middle-class families, your purchasing power keeps shrinking while corporate profits keep growing.

    —

    5. What This Means for the Average Person

    💰 If you’re struggling with food and gas prices, you need policies that:
    ✔ Focus on lowering inflation, not boosting corporate stock prices.
    ✔ Support higher wages and tax relief for workers, not just wealthy investors.
    ✔ Ensure government officials work for the people, not their personal financial interests.

    🚨 But if top officials are making decisions based on their own investments, policies might:
    ❌ Keep inflation high because it benefits corporations.
    ❌ Ignore small business struggles while favoring giant companies.
    ❌ Prioritize stock market gains instead of making life more affordable.

    —

    🔎 Final Takeaway: This Isn’t Just About Tesla Stock—It’s About Who the Government Works For

    If government officials use their power to benefit their own wealth, it hurts the average American struggling with food and gas prices.

    Instead of fixing inflation, increasing wages, and making life more affordable, they may focus on protecting corporate profits and stock market gains.

    The system is rigged when those in power prioritize their investments over your paycheck.

    📌 What Can Be Done?
    ✔ Demand transparency in government officials’ financial holdings.
    ✔ Push for policies that focus on lowering costs for everyday Americans, not just helping big business.
    ✔ Support economic policies that prioritize affordability, job growth, and middle-class stability.

  14. This is blatant stock market manipulation in addition to violating a ton of other legal and ethical issues.

  15. Amazing, the Treasury Secretary is a good old fashioned Pump and Dumper….who knew

  16. The open and casual corruption is just corrosive to US society.

  17. This is sad since such behavior destroyed anything he could say in the future.

  18. As long as Don Jr doesn’t say the words “big guy ” it’s purely ethical

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