The politician bought 25 call options on shares in Elon Musk's electric-vehicle company.Visit Business Insider's homepage for more storiesHouse Speaker Nancy Pelosi has placed up to $1 million worth of bullish bets on Tesla stock, she revealed in aPelosi bought 25 call options on Tesla stock with a strike price of $500 and an expiration date of March 18, 2022.
That may sound like a fantastic deal with shares in Elon Musk's electric-vehicle company changing hands at about $850 today. However, Pelosi will have paid a premium for the options, so Tesla stock will have to climb higher before they become profitable to exercise. The purchases have raised eyebrows despite being legal. Pelosi now has a financial interest in Tesla's success, even as she's poised to play a key role in passing the Biden administration's green initiatives, which stand to help the automaker.
SpeakerPelosi lyingrat of course she knew, that’s what insider trading is all about. Now, we all know that when we buy a new car and it needs fuel we drive to the gas station. When you buy a Tesler you have install a power generating panel and provide the electric .
Outrageous
Didn’t Martha Stewart and her broker go to prison for insider trading? How do you look in orange Nancy?
it’s insider trading? something must be done
ComfortablySmug If elonmusk has a sense of humor, he'd tweet some crazy shit to crater the price just before the old bag's futures expire
Imagine if a Republican speaker bought $1M in stock right before a Republican president announced a policy that would obviously benefit that company. Pelosi would be demanding hearings immediately to investigate this obvious and shameless corruption.
ComfortablySmug Can you say insider trading
ComfortablySmug This is unconscionable. The kind of short-term trading he’s doing gets an even bigger advantage from the inside knowledge she has access to. Why their assets aren’t in a blind trust in the first place needs some explaining.
ComfortablySmug But remember the Democrats are for the poor. Yet the wealthy elites are Democrats.
ComfortablySmug She's on the side of the little person
PrateekRaj_ Sir, will this come under pseudo cronyism? Any anti-oil environmental laws passed by her party are only going to benefit her.
Curious which way her decision on $TSLA will tilt in her role as a lawmaker!
There are better bets in US than Tesla for sure 😂😂 But Tesla is better than fighting the market or doing nothing at all 😅
Less than one percent of her wealth, so no biggie, but you’re 80 and buying call options in EV in this market and your husband is an IM..surely you know something the rest of us don’t..?!
while her constituents can't even get 2k lol
I don't trust this lady and that's never gonna change
About the only smart decision she’s made in a long time.
In front of the cameras: 'Trump is only interested in saving the stock market.' At home: 'Let's buy more Tesla calls!!!'
nice
Remember that her salary is $193,400 and she's worth over $180 million. No corruption here.
🤨🤨🤨