Husband to the Speaker of the United States House of Representatives (US), Nancy Pelosi reportedly risked $ 1 million against the electric car manufacturing firm, Tesla Inc. under the administration of Joe Biden.
Not only that, the purchase recorded on December 22 also involved the purchase of stock options (stock options) Apple and Walt Disney, as well as shares of AllianceBernstein Holding.
US businessman Paul Pelosi bought 100 call options for Apple shares at a price per share of $ 100, bringing the total amount paid to $ 250,001 to $ 500,000.
A total of 25 call options Tesla shares were bought at $ 500 per share, bringing the value paid to around $ 500,001 to $ 1 million.
Later, Pelosi bought 100 call options for Disney shares for $ 100 a share, bringing the total to around $ 500,001 to $ 1 million.
Pelosi also paid around $ 500,001 to $ 1 million for buyers of 20,000 shares of global investment firm AllianceBernstein.
In fact private investors are not encouraged to disclose any securities transactions. However, public officials, their spouses and dependent children must report financial transactions worth more than $ 1,000 within 30 days.
A $ 1 million stake in Tesla shares is likely to bring in lucrative returns as it is closely linked to the US President's promise to convert 650,000 government vehicles to electric models in a vision for clean energy.
