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Democrat eyes investigation after Commerce secretary promotes Tesla stock


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Published in Stocks and Investing on Wednesday, April 30th 2025 at 6:01 GMT by MSNBC   Print publication without navigation

  • After Howard Lutnick promoted stock in one of Elon Musk's companies, a key Democrat wants answers
  • that he likely won't get.

In a recent development, Democratic lawmakers are considering an investigation into Commerce Secretary Gina Raimondo for allegedly promoting Tesla stock during a television interview. This scrutiny stems from comments Raimondo made on CNBC, where she praised Tesla's electric vehicles and their potential impact on reducing carbon emissions. Critics argue that her statements could be seen as an endorsement, potentially influencing stock prices and raising ethical concerns about the use of her position to benefit a specific company. The situation has sparked a debate about the boundaries of public officials' statements and their impact on the market, with some calling for a formal inquiry to assess whether Raimondo's comments violated any regulations or ethical standards.

Read the Full MSNBC Article at:
[ https://www.msnbc.com/rachel-maddow-show/maddowblog/democrat-eyes-investigation-commerce-secretary-promotes-tesla-stock-rcna197454 ]

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