BERNARD CONDON , AP; Legal experts say Trump official broke law by saying ‘Buy Tesla’ stock but don’t expect a crackdown
"A week after President Donald Trump turned the White House lawn into a Tesla infomercial for Elon Musk’s cars, a second sales pitch by a U.S. official occurred, this time for Tesla stock.
“It will never be this cheap,” U.S. Commerce Secretary Howard Lutnick said Wednesday. “Buy Tesla.”
Government ethics experts say Lutnick broke a 1989 law prohibiting federal employees from using “public office for private gain,” later detailed to include a ban on ”endorsements.” Although presidents are generally exempt from government ethics rules, most federal employees are not and are often punished for violations, including rebukes like the one Conway got.
As of Friday, no public action had been taken against Lutnick and it was unclear whether he would suffer a similar fate.
“They’re not even thinking of ethics,” said Trump critic and former Republican White House ethics czar Richard Painter of administration officials."