Former House Speaker Nancy Pelosi (D-Calif.) disclosed in a filing with Congress last week that she sold 2,500 Tesla, Inc. (NASDAQ:TSLA) shares on June 24 and the value of the transaction was indicated as $250,001-$500,000.
Pelosi, whose trades invariably come under the scanner due to the insider information she is privy to due to her membership in House committees, may not have been so successful with her Tesla trade this time around.
What Happened: Pelosi’s disposal of Tesla on June 24 may have fetched her $456,450, assuming it was sold at $182.58 apiece, which happens to the session’s closing price. It is not yet known if the representative has fully cashed out of the stock.
Pelosi’s previous Tesla trade was also a sale transaction done on Dec. 20, 2022. She then reported a part sale of 5,000 Tesla shares at a price of $140.39, booking a loss of $511,197 on the trade.
Tesla has been on an extended downtrend since peaking in late 2021 ...