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Tesla halts declines after US Commerce Secretary comments ⚡

3:54 PM 20 March 2025

U.S. Commerce Secretary Howard Lutnick used a Fox News appearance to recommend that the public buy shares of Elon Musk’s car company, saying that “…it’s unbelievable that ‘this guy’s’ stock is this cheap. It’s never going to be this cheap again,” he added.

Looking at the range from 2024, the forward-looking PE ratio is below its average. Source: Bloomberg Financial LP

Tesla (TSLA.US) stock has stopped falling near its 200-week moving average (golden line on the chart). Source: xStation

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