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As Democrats rage against Elon Musk, some are still buying Tesla stock
Business Insiderยท 2025-03-28 18:58
Group 1: Stock Transactions by Congress Members - Democratic Rep. Julie Johnson sold her Tesla stock, valued between $16,000 and $65,000, based on a decision made by an independent financial advisor without her input [1] - Rep. Vicente Gonzalez purchased at least $65,000 worth of Tesla stock, while Rep. Gil Cisneros bought between $1,000 and $15,000 [3] - Rep. Josh Gottheimer engaged in multiple transactions involving Tesla stock in January and February, with trades managed by a third party [5] Group 2: Criticism and Reactions to Elon Musk - Some Democrats have publicly criticized Elon Musk, with Rep. Cisneros emphasizing that he has not abused his position for personal gain [4] - Sen. Mark Kelly sold his Tesla for a Chevy Tahoe, expressing negative sentiments about Musk, while Sen. Adam Schiff indicated he would be willing to sell his Tesla [6] - The market for used Teslas has seen a 33% increase this year, suggesting a trend of individuals looking to sell their vehicles, likely influenced by Musk's behavior [6]