Tesla (TSLA) Gets Another White House Endorsement: Can Stock Rebound?
There is no denying that the US stock market has struggled for less than three months in other years. However, no stock has fallen more than Tesla (TSLA), which has recently received yet another White House endorsement amid its ongoing slide. The question is, can this help it eventually turn around from its plummeting share value? Speaking to Fox News Wednesday, US Commerce Secretary Howard Lutnick urged American investors to buy Elon Musk’s Tesla. The move was unprecedented and followed similar calls to action by US President Donald Trump. The question is, will those efforts pay off as the stock hopes for a monumental turnaround? Source: Finance Magnates Also Read: Tesla Stock Drops 51% as Violent Attacks on Dealerships Spike—Is Musk’s Politics to Blame? Tesla Gets Howard Lutnick Endorsement: Can Stock Regain Momentum? Over the last 30 days, Tesla stock has plummeted more than 34% to its current $233 price level. That downfall led US President Trump to take action, endorsing the ...