"It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again," Lutnick said of Elon Musk's EV company, Tesla.
In a recent interview on Fox Business, Howard Lutnick, the CEO of Cantor Fitzgerald and acting U.S. Commerce Secretary, expressed a strong bullish stance on Tesla stock. Lutnick suggested that Tesla's stock, which has seen a significant decline, is currently undervalued and predicted that it would not remain at such a low price for long. He highlighted Tesla's advancements in electric vehicle technology and its potential in the autonomous driving sector as reasons for his optimism. Lutnick's comments come at a time when Tesla has faced various challenges including production issues, regulatory scrutiny, and increased competition in the EV market. Despite these hurdles, he believes that Tesla's long-term prospects remain robust, urging investors to consider the stock as a buying opportunity before its value increases.
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