“A watchdog group has 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,” according to The Washington Times.
“Last month, Paul Pelosi, a wealthy venture capitalist and husband of the California Democrat, bought up to $1 million worth 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. [emphasis added]
“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. [emphasis added]
“‘It’s corrupt and unacceptable for members of Congress, particularly the speaker, to trade stocks in companies affected by their votes in Congress,’ said John Pudner, executive director of TakeBack.org, a conservative political reform organization focused on pay-to-play corruption.”
For more on this story, go to The Washington Times.
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