Politics
COINCIDENCE? Pelosi’s husband invests big in Tesla right before Biden announced electric federal fleet
Did Pelosi have insider knowledge that Joe Biden was going to replace the government’s fleet with electric cars?
Last week, Joe Biden announced that the U.S. government will begin the process of shifting its vehicle fleet to electric.
The government is indeed a major customer when it comes to the purchase of vehicles. So, replacing the fleet with American-produced electric vehicles will be costly and take time. Also, the market for electric vehicles is small: Tesla, General Motors and Nissan Motor are the only companies producing them domestically so far.
It remains unclear whether Biden’s plan involves plug-in hybrid electric vehicles, which use a combination of EV motors and traditional internal combustion engines. When discussing the plans, he referred to the new fleet being made up of electric vehicles “that are net zero emissions,” CNBC reports.
But, questions are circulating about the timing of a large investment in Tesla made by none other than Nancy Pelosi’s husband, shortly before Biden’s announcement.
Paul Pelosi, a multi-million dollar venture capitalist, reportedly purchased up to $1 million worth of stocks in Tesla when the price of the stock was about $640 a share, BizPacReview reports. Late last week, the stock’s price had risen nearly $200 a share, closing Thursday at $838.
“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 Washington Times reports.
According to a recent financial disclosure filed by the speaker, the couple made 25 stock moves, which are known as call options, allowing her to purchase Tesla at $500 per share up to March 2022.
The invested amount? A whopping $1 million.
Did Pelosi have insider knowledge that Joe Biden was going to replace the government’s fleet with electric cars?
Or was it purely coincidence?
It has long been a controversy whether lawmakers should be able to trade in the stock market. Currently, lawmakers are prohibited under the Stop Trading on Congressional Knowledge Act of 2012 from using non-public information to profit in the market – illegal insider trading.
Sen. Elizabeth Warren also reintroduced additional legislation last month, including a ban on stock trades by Congress members, to combat the issue of insider trading, BizPacReview reports.
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bob andrews e
February 1, 2021 at 9:14 pm
Why no comments …… sheeple!!!!
This practice will go on as long as there are stupid little people who will vote
for these crooked legislators who pretend to represent you!!!!
VOTE THEM ALL OUT! Stupid People!!!!!!!!!!!!!!!!!!
Debra Fennell
February 7, 2021 at 4:22 pm
Isn’t that considered INSIDE TRADING? Didn’t Martha Stewart go to prison for that???
Linda Barksdale
February 11, 2021 at 1:02 am
I totally agree ????
Pat Dunbar
February 2, 2021 at 8:25 am
In my opinion, pelosi had knowledge of what Biden was going to do. That is what you call insider trading and buying. People go to jail for this, pelosi and her husband ARE NOT ABOVE THE LAW. Warren is reintroducing additional legislation on the ban of stock trades by congress and the family members should be included.
George Fulton
February 2, 2021 at 12:51 pm
Congress is guilty of this practice; legal or not. At Polos’s age, she doesn’t need any more money except to give it to her kids and I’m sure they are stealing plenty on their own. Too bad they don’t believe in a DAY OF REKONING OR ATONEMENT. There will be weeping and wailing of teeth (never ending by the way )even with giving the Catholic Church plenty of taxpayer money. If killing the unborn child doesn’t bother her, nothing will.
Donald Trumper
February 2, 2021 at 11:21 am
Crazy Nancy not so Crazy.
gls
February 2, 2021 at 2:16 pm
Pelosi and her so called husband should have been in prison years ago for all of their crimes. She loves to make rules up AFTER she has created criminal actions and gets away with it. How about the stimulis money obama did and Nancy and Paul got 200 million for their america somoa tuna cannery…….and she never gave the employees a cent for a raise. How about all the money she got and stole all the yrs she has been in congress and walked away scott free. She pretends well doesnt she! She belongs in the firing squad for treason.
Steve
February 7, 2021 at 12:52 pm
Of course she and her husband knew. That’s why she will not answer any questions.
Jacky Rittlinger
February 7, 2021 at 1:08 pm
Joe & Nancy are taking care of themselves not the people…
I knew this would happen
Jaran
February 7, 2021 at 6:19 pm
Pelosi’s day of reckoning is coming! She can’t get away with all her BS over decades without karma stepping in sooner than later!
Nate Martin
February 13, 2021 at 1:59 pm
As most people suffer this bitch profits. Fucking dirty whore!!!
me
February 13, 2021 at 3:08 pm
There are no coincidences. Follow the money! Commie swamp rats need to be culled. Makes me sick.