Earlier this month, the husband of House Speaker Nancy Pelosi purchased nearly $2.2 million worth of Tesla stock.
The latest disclosure of congressional financial information shows that Paul Pelosi has made tens of millions of dollars trading stocks through the years, while his wife has remained one of the most powerful politicians in this country throughout that time.
“Pelosi’s financial disclosure indicates that her husband purchased 2,500 shares of Tesla stock on March 17 — then worth nearly $2.2 million — by exercising call options at a strike price of $500 per share. The options were set to expire the next day, according to the disclosure. Tesla stock traded near $1,000 per share on March 23,” according to Business Insider.
“Tesla, which manufactures electric vehicles and solar panels, spends hundreds of thousands of dollars each year to lobby the federal government, according to lobbying disclosures compiled by nonpartisan research organization OpenSecrets. Tesla’s CEO is Elon Musk, the wealthiest person on Earth, according to the Bloomberg Billionaire Index,” explained the report.
Missouri Republican Sen. Josh Hawley announced in January that he would introduce legislation to bar insider trading in Congress.