U.S. House Speaker Nancy Pelosi (center) attends her weekly press conference at the Capitol on Jan. 28, 2021.
Recently a number of U.S. media disclosed that the Biden administration is about to announce the federal fleet to achieve full automation, House Speaker Nancy Pelosi’s (Nancy Pelosi) husband has bought a large amount of shares of the car company tesla (Tesla) in advance, and Tesla’s stock price rose sharply after the introduction of the above policy. Outsiders suspect that Pelosi provided insider information to her husband.
According to the Washington Times and Fox News and other media reports, trading records show that Pelosi’s husband Paul Pelosi (Paul Pelosi) a month ago bought a total of $ 1 million worth of Tesla shares, when the price of $ 640.34 per share. But after the Biden Administration announced a policy that the federal fleet would be fully automated, Tesla’s stock price soared to $838 per share by Jan. 28.
Pelosi’s recently made public financial statement shows that Paul bought 25 Tesla call options (1 option for 100 shares of stock, 25 options for 2,500 shares of stock) on Dec. 22, 2020, with an option strike price of $500 and an expiration date of March 18, 2022.
Members of the U.S. Congress have the power to consider bills, and Pelosi, as Speaker, holds the power to schedule the agenda. Therefore, the conservative political group “Take Back Our Republic” (TBOR) questioned whether Pelosi had revealed insider information in advance, which led her husband to buy call options on Tesla with millions of dollars before the new policy was introduced.
The Stop Trading on Congressional Knowledge Act, passed in 2012, states that members of Congress may not buy or sell stocks based on insider information. If Pelosi did disclose the insider information to her husband in advance, then the act would be tantamount to embezzlement.
The spokesman for Pelosi simply responded that Paul, not Pelosi, was the one who bought the stock, and that the outside world should not get involved in politics.
Tesla is an American electric car and energy company, specializing in the production and sale of electric cars, solar panels and energy storage equipment, the American entrepreneur Elon Musk is the chairman of this company.
Public information shows that in January this year, the international financial services company Morgan Stanley (Morgan Stanley) to Tesla set a target price of $ 810 per share, has been counted to set a new high on Wall Street. But a week later, Wedbush Securities (Wedbush Securities) analyst Dan Ives gave a target price of $950 per share. Currently, Colin Rusch, a top analyst at financial services firm Oppenheimer, has raised his price target for Tesla to $1,036 per share. Tesla’s target price increase is rare.
According to the information, Pelosi’s husband name is an investment banker, owns and operates the San Francisco-based real estate and venture capital consulting firm “Financial Leasing Services Inc”, and the couple owns about $16 million in real estate.
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