Pelosi Bought $1 Million In Tesla Stock Days Before The Biden Administration Released Plans On Buying 645,000 Electric Vehicles

This is just another case of politicians doing what they know best.

Paul Pelosi, Nancy Pelosi’s husband bought $1 million worth of Tesla shares just days before the Biden administration released plans that they would replace current government-owned vehicles with an all-new electric vehicle fleet.

This has raised several eyebrows and has many people thinking Pelosi was given some inside knowledge of Biden’s plan.

The Washington Times covered the corruption:

A watchdog group called out House Speaker Nancy Pelosi for a very profitable Tesla stock deal shortly before the Biden administration released plans to make the federal automobile fleet electric.

Last month, Paul Pelosi, a wealthy venture capitalist and husband of the California Democrat, bought up to $1 million of Tesla stock when the price was roughly $640.34 a share. The price had shot up to $838 a share by Thursday on the NASDAQ exchange.

Tesla stock has been a darling of Wall Street for years, and the company stands to reap huge profits if the federal government moves to an all-electric fleet.

The federal government has more than 645,000 cars in the fleet.

Business Insider covered the story too:

House Speaker Nancy Pelosi’s husband has placed up to $1 million worth of bullish bets on Tesla stock, the politician revealed in a financial disclosure form last week.

Paul Pelosi, who runs an investment firm, bought 25 call options on Tesla stock with a strike price of $500 and an expiration date of March 18, 2022. He spent between $500,001 and $1 million on them on December 22.

The purchases are legal but have raised eyebrows. Nancy Pelosi now has a financial interest in Tesla’s success, even as she’s poised to play a key role in passing green initiatives that stand to help the automaker.

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