If Joe Biden’s massive $2 trillion infrastructure plan passes, we will see big tax hikes and more debt placed on our backs.
However, there’s one person who will likely take in a big chunk of change if the bill passes: House Speaker Nancy Pelosi (D-CA).
One of the far-left policies hiding in the infrastructure plan is $174 billion to be allocated towards electric vehicles and charging stations. In January, Joe Biden also promised to replace the U.S. Government vehicle fleet with electric vehicles. That alone would put massive amounts of cash into electric vehicle companies like Tesla.
Well, Paul Pelosi, Nancy Pelosi’s husband, made a big investment in Tesla back in December knowing that Biden was most likely going to propose such a bill. He purchased between $500,000 and $1 million in Tesla investments, including 25 call options at a strike price of $500 until March 2022. That means he has the right to buy shares of the company at that $500 price until that date.
If Biden’s bill passes, Tesla will make out very well.
Drew Hamill, Nancy Pelosi’s deputy chief of staff, claimed that she didn’t have any prior knowledge about the transactions. “If you read the disclosure here, you will see that under the ‘Owner’ column each is marked SP for spouse,” he said. “The speaker has no involvement or prior knowledge of these transactions.”
But given the convenient timing of it all, Republicans are not buying it. Torunn Sinclair, national press secretary for the National Republican Congressional Committee, said, “This is yet another example of Nancy Pelosi using her power to tax the middle class and personally profit from it.”