Pelosi Pushes Electric Vehicle Subsidies As Husband’s Tesla Stock SoarsPaul Pelosi owns up to $1 million of Tesla call optionsHouse Speaker Nancy Pelosi's (D., Calif.) husband hit pay dirt on Monday as Tesla's valuation rose to $1 trillion.
The news comes as Pelosi spearheads legislation that doles out tens of billions of dollars in subsidies to the electric vehicle industry, including Tesla, with provisions to build charging stations for cars and incentivize electric car purchases through tax credits.
The financial dealings of Pelosi's husband, Paul, came under scrutiny earlier this year when he purchased as much as $1 million of Tesla call options, one of the largest transactions of Tesla shares disclosed by a member of Congress. At the time, Republicans charged that the House speaker was cashing in on her power.
Members of Congress and their spouses are legally allowed to buy and sell stock, as long as it is not based on insider information. Members are required to disclose their transactions to the House Committee on Ethics, as Pelosi did with the Tesla transaction on Jan. 21.
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https://freebeacon.com/democrats/pelosi-pushes-electric-vehicle-subsidies-as-husbands-tesla-stock-soars/
