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Nancy Pelosi buys 25 Tesla call options, may benefit from Joe Biden's EV push

The purchase by Speaker Nancy Pelosi is questionable as it could be argued that Tesla stands to benefit from new Joe Biden administration.

January 27, 2021 / 08:30 PM IST
US House of Representative Speaker Nancy Pelosi.(Reuters)

US House of Representative Speaker Nancy Pelosi.(Reuters)

Speaker of the US House of Representative and California representative, Nancy Pelosi has purchased 25 call options of Tesla Inc. The same purchase has now come under the radar, as it stands to benefit from the new Joe Biden administration.

What happened? 

According to a report, Pelosi or her husband Pual, who runs a venture capital firm purchased options of Tesla at a stake price of  $500 and the expiration of March 18, 2022.

Pelosi paid between $500,000 and $1,000,000 for the options.