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by minsc__and__boo 1798 days ago
>buying TSLA leap options is a terrible look and breaks down trust in institutions

What is unusual about her spouse buying TSLA options? I'd say that the TSLA CEO has been more influential over the TSLA price than any new legislation.
3 comments
fennecfoxen 1798 days ago
She's the Speaker of the House. Outstanding legislation proposed by the President of the United States (a member of her political party) would subsidize the electric vehicle sector to the tune of $174 billion.

If you don't think this gives rise to the appearance of impropriety, then what precisely does?

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minsc__and__boo 1798 days ago
>would subsidize the electric vehicle sector to the tune of $174 billion

The U.S. infrastructure deal was unanimously supported by all members of the house, not just the speaker.

This type of uncertainty/doubt argument can go both ways. Her spouse lost money on that specific option call, so that could also be proof she didn't use her influence.

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fennecfoxen 1798 days ago
> The U.S. infrastructure deal was unanimously supported

No it wasn't. By all members with a (D) after the name who she leads, perhaps, and some others, but not all.

> that could also be proof she didn't use her influence

I don't find this a compelling enough argument that it would likely restore the public's lost trust in these institutions.

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minsc__and__boo 1798 days ago
>I don't find this a compelling enough argument that it would likely restore the public's lost trust in these institutions.

Which is precisely the point of how illogical it is.

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mox1 1798 days ago
What about public spending on electrical charging infrastructure?

What about reduced regulation of the franchise car dealership model at the federal level?

Those might have a 'lil bit of an effect.

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lefrenchy 1798 days ago
She is one of the most powerful legislators in the country. If she lobbying and pushed for EV credits for instance, it could greatly affect the price of the stock. If she were to put up roadblocks to block inquiries into Tesla safety concerns or issues of the sort, it could prevent massive price changes in the stock.

Just because Elon Musk has more power over the stock does not exonerate her from buying potentially massively lucrative options on a stock that she has power to affect. My understanding is she is not under the same restrictions as a CEO would be when trading that ticker, and she also has entirely different incentives than CEO's do. CEO's have the incentive to make the company perform well because their compensation is tied to the share price. Nancy Pelosi in this case has the incentive to rule favorably for Tesla because her options will benefit from it. Those incentives are very very different.

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