Nancy Pelosi buys 25 Tesla call options, may benefit from Joe Biden’s EV push

Nancy Pelosi buys 25 Tesla call options, may benefit from Joe Biden’s EV push
'Lifestyles of the Rich and Hypocritical' (Image: Twitter screen grab)

[Ed. – Isn’t her white privilege showing?]

The ability of members of U.S. Congress to buy and sell stocks has been controversial over the years. One of its most prominent members made some purchases in December that could benefit from the new Biden administration.

What Happened: It was revealed over the weekend that Speaker of the House and California Rep. Nancy Pelosi purchased 25 call options of Tesla Inc (NASDAQ: TSLA). The purchases could have been done by Pelosi or her husband Paul, who runs a venture capital firm.

The options were bought at a stake price of $500 and expiration of March 18, 2022. Pelosi paid between $500,000 and $1,000,000 for the options, according to the disclosure.

Trending: News flash: Democracy has already been undermined by the Left’s behavior since 2016

Pelosi also disclosed that she bought 20,000 shares of AllianceBernstein Holdings (NYSE: AB), 100 calls of Apple Inc (NASDAQ: AAPL) and 100 calls of Walt Disney Co (NYSE: DIS).

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