Nancy Pelosi’s Husband Just Bought $2.2 Million in Tesla Stock

Photo by Eric Ting

Speaker of the House Nancy Pelosi, D-Calif., speaks during her weekly press conference, Wednesday, March 9, 2022, on Capitol Hill in Washington.

Jacquelyn Martin/AP

House Speaker Nancy Pelosi’s husband, Paul Pelosi, recently purchased $2.2 million worth of Tesla stock, according to a congressional financial disclosure form.

According to the form, Paul Pelosi, who owns and runs a San Francisco-based venture capital firm, bought 2,500 shares of the electric car company by exercising 25 call options at a strike price of $500 per action on March 17. The options were set to expire the next day.

The purchase comes at a time when lawmakers continue to discuss legislation banning members of Congress from trading stocks. Pelosi in particular has been at the center of the debate, given her status as Speaker of the House and her husband’s prolific business. In January, Paul Pelosi bought $2.9 million worth of stock in several companies, including Disney, Apple, American Express and PayPal.

Critics have argued that members of Congress, who receive confidential information and write policies that directly impact large publicly traded companies, should be barred from stock trading. Pelosi was initially hostile to such a ban, but has since backtracked and signaled some openness to the policy proposal.

A hearing on possible legislation to bar members of Congress from owning stock was scheduled for last week, but postponed after Rep. Zoe Lofgren, chair of the House Administration Committee, tested positive for COVID- 19.

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