Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

These 13 members of Congress have traded stock in Elon Musk's companies during 2022

These 13 members of Congress have traded stock in Elon Musk's companies during 2022

Elon Musk now owns two companies that have been popular investments for members of Congress, including House Speaker Nancy Pelosi.

After completing his purchase of Twitter, serial entrepreneur Elon Musk — the wealthiest person in the world — is now the leader of two publicly-traded companies: Tesla and soon-to-be-private Twitter.

The two companies, which are cumulatively worth billions, have traded for years on the NASDAQ stock market, sometimes even by some of the nation's most powerful politicians and their families.

Insider found that at least 13 members of Congress or their family members personally traded stocks in Twitter or Tesla in 2022. 

Congress, meanwhile, is currently debating whether its members, their spouses, and dependent children should even be allowed to buy, hold or sell, individual stocks.

Musk, for his part, has emerged as an unavoidable global presence deeply involved in media, communications, transportation, and even space.

The reigning TIME magazine "person of the year," the New York Times this week dubbed Musk a "geopolitical chaos agent" who unpredictably involves himself in the governmental and international affairs of numerous nations, including Ukraine, Iran, China, Russia, and, of course, the United States.

Here are the 13 members of Congress who reported stock trades in Twitter and Tesla in 2022, according to an Insider analysis of lawmakers' personal financial disclosures filed with Congress:


Rep. Nancy Pelosi, a Democrat from California
House Speaker Nancy Pelosi, a Democrat of California, holds her weekly news conference in the Capitol on Wednesday, September 14, 2022.


*  On March 17, 2022, House Speaker Nancy Pelosi's husband, Paul, exercised 25 call options (2,500 shares) of Tesla stock at a strike price of $500, with the trade valued at between $1 million and $5 million 

Rep. Pat Fallon, a Republican from Texas
Rep. Pat Fallon, a Republican from Texas, speaks during a House Committee on Oversight and Reform hearing on gun violence on Capitol Hill in Washington on June 8, 2022.


*  Rep. Pat Fallon purchased stock in Twitter valued between $15,001 and $50,000 on January 19, 2022

*  Fallon purchased stock in Twitter valued between $50,001 and $100,000 on January 24, 2022

*  Fallon sold between $50,001 and $100,000 worth of Twitter stock as part of the company's corporate stock buyback after Musk took the company private

Sen. Sheldon Whitehouse, a Democrat from Rhode Island
Sen. Sheldon Whitehouse, a Democrat from Rhode Island, speaks during a Senate Judiciary Committee hearing on November 10, 2020, on Capitol Hill in Washington, DC.


*  Sen. Sheldon Whitehouse purchased stock in Tesla valued between $15,001 and $50,000 on January 28, 2022

Rep. John Garamendi, a Democrat from California
Rep. John Garamendi speaks during a news conference on Wall Street bonus taxes in January 2010.


*  On January 14, 2022, Rep. John Garamendi's spouse sold between $1,001 and $15,000 worth of stock in Twitter

Rep. Mike Garcia, a Republican from California
Rep. Mike Garcia, a Republican of California.


*  Rep. Mike Garcia purchased stock in Tesla worth between $15,001 and $50,000 on January 25, 2022

*  Garcia purchased stock in Tesla valued between $15,001 and $50,000 on February 23, 2022

*  Garcia purchased stock in Tesla worth between $50,001 and $100,000 on September 29, 2022

Rep. Josh Gottheimer, a Democrat from New Jersey
Democratic Rep. Josh Gottheimer of New Jersey outside the Capitol on October 21, 2021.


*  On January 26, 2022, Rep. Josh Gottheimer and his spouse jointly sold stock in Tesla valued between $1,001 and $15,000

*  On January 31, 2022, Gottheimer and his spouse jointly sold between $1,001 and $15,000 worth of Tesla stock

*  On February 7, 2022, Gottheimer and his spouse jointly purchased Tesla stock valued between $1,001 and $15,000

*  On May 26, 2022, Gottheimer and his spouse jointly purchased between $1,001 and $15,000 worth of Tesla stock

Rep. Kim Schrier, a Democrat from Washington
Rep. Kim Schrier, a Democrat from Washington


*  On March 22, 2022, Rep. Kim Schrier's spouse, David Gowing, sold stock in Tesla worth between $250,000 and $500,000

*  On March 22, 2022. Rep. Kim Schrier and her spouse jointly sold stock in Tesla worth between $250,000 and $500,000

Rep. Vicente Gonzalez, a Democrat from Texas
Rep. Vicente Gonzalez, a Democrat from Texas.


*  On May 29, 2022, Rep. Vicente Gonzalez purchased Tesla stock valued between $100,001 and $250,000

Rep. Chris Jacobs, a Republican from New York
Republican Rep. Chris Jacobs of New York on Capitol Hill on April 27, 2022. 


*  On July 18, 2022, Rep. Chris Jacobs purchased stock in Tesla valued between $1,001 and $15,000 

Rep. Kathy Manning, a Democrat from North Carolina

In this Friday, Oct. 19, 2018 file photo, Kathy Manning, democratic candidate for the the 13th Congressional District of North Carolina, attends an election rally at Bennett College in Greensboro, N.C.

*  On September 12, 2022, Rep. Kathy Manning's husband, Randall Kaplan, sold stock in Tesla valued between $1,001 and $15,000


On October 12, 2022, Manning's husband purchased stock in Tesla valued between $1,001 and $15,000


Rep. Ro Khanna, a Democrat from California
Rep. Ro Khanna, a Democrat from California.


*  On September 5, 2022, Rep. Ro Khanna's dependent child sold Tesla stock worth between $1,001 and $15,000

*  On September 19, 2022, Khanna's dependent child sold Tesla stock valued between $1,001 and $15,000

*  On September 29, 2022, Khanna's dependent child purchased Tesla stock valued between $15,001 and $50,000

*  On September 29, 2022, Khanna's spouse, Ritu Khanna, purchased stock in Tesla valued between $1,001 and $15,000

Rep. David McKinley, a Republican from West Virginia
Rep. David McKinley, a Republican of West Virginia.


*  On September 21, 2022, Rep. David McKinley purchased stock in Tesla valued between $1,001 and $15,000

Rep. Robert Aderholt, a Republican from Alabama
Ranking member Rep. Robert Aderholt, R-Ala., conducts a House Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee hearing in Rayburn Building on the FBI's budget request for Fiscal Year 2020 on Thursday, April 4, 2019.


*  On December 5, 2022, Rep. Robert Aderholt's child sold stock in Tesla valued between $1,001 and $15,000

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
French National Assembly Overrides Senate to Pass Historic Assisted-Dying Legislation
Spanish Prime Minister's Wife Ordered to Stand Trial as Corruption Probes Encircle Governing Party
Zelensky Faces Kyiv Protests Over Ousting of Dynamic Ukrainian Defense Minister
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Spain and UK Dismantle Gibraltar Border Following Landmark Schengen Integration Treaty
Hungary's "Puppet" President to Be Ousted, Orbán Fumes: "Democracy Is Dead"
Forget Tinder: The Surprising Platform Where People Find Love
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
Passenger Is Pulled Partly Outside Ryanair Jet After Window Fails Mid-Flight
The AI Invoice Shock: Layoffs Didn't Save Managers Money — They Cost Them More
Concern: Sexually Transmitted Bacterium Among Men Develops Antibiotic Resistance
Passenger Partially Pulled Out of Ryanair Jet After Cabin Window Fails Mid-Flight
Severe Heatwave Drives Dangerous Ground-Level Ozone Pollution Across Two Thirds of European Union
×