scorecard
  1. Home
  2. investment
  3. news
  4. Meet the members of Congress who've traded stock in Elon Musk's companies during 2022

Meet the members of Congress who've traded stock in Elon Musk's companies during 2022

Madison Hall   

Meet the members of Congress who've traded stock in Elon Musk's companies during 2022
Elon Musk.Muhammed Selim Korkutata/Anadolu
  • After formally acquiring Twitter on Thursday, Elon Musk now leads two companies — Twitter and Tesla — with popular stock.
  • Insider found that a dozen members of Congress or their spouses traded stocks in one or both companies in 2022.

After completing his purchase of Twitter on Thursday, serial entrepreneur Elon Musk — the wealthiest person in the world — is now the leader of two publicly-traded companies: Tesla and soon-to-be-private Twitter.

The two companies, which are cumulatively worth billions, have traded for years on the NASDAQ stock market, sometimes even by some of the nation's most powerful politicians and their families.

Insider found that at least 12 members of Congress or their family members personally traded stocks in Twitter or Tesla in 2022.

Congress, meanwhile, is currently debating whether its members, their spouses, and dependent children should even be allowed to buy, hold or sell, individual stocks.

Musk, for his part, has emerged as an unavoidable global presence deeply involved in media, communications, transportation, and even space.

The reigning TIME magazine "person of the year," the New York Times this week dubbed Musk a "geopolitical chaos agent" who unpredictably involves himself in the governmental and international affairs of numerous nations, including Ukraine, Iran, China, Russia, and, of course, the United States.

Here are the 12 members of Congress who reported stock trades in Twitter and Tesla in 2022, according to an Insider analysis of lawmakers' personal financial disclosures filed with Congress:

Rep. Nancy Pelosi, a Democrat from California

Rep. Nancy Pelosi, a Democrat from California
House Speaker Nancy Pelosi, a Democrat of California, holds her weekly news conference in the Capitol on Wednesday, September 14, 2022.      Bill Clark/CQ-Roll Call, Inc via Getty Images
  • On March 17, 2022, House Speaker Nancy Pelosi's husband, Paul, exercised 25 call options (2,500 shares) of Tesla stock at a strike price of $500, with the trade valued at between $1 million and $5 million

Rep. Pat Fallon, a Republican from Texas

Rep. Pat Fallon, a Republican from Texas
Rep. Pat Fallon, a Republican from Texas, speaks during a House Committee on Oversight and Reform hearing on gun violence on Capitol Hill in Washington on June 8, 2022.      Jason Andrew/The New York Times via AP, Pool
  • Rep. Pat Fallon purchased stock in Twitter valued between $15,001 and $50,000 on January 19, 2022
  • Fallon purchased stock in Twitter valued between $50,001 and $100,000 on January 24, 2022

Sen. Sheldon Whitehouse, a Democrat from Rhode Island

Sen. Sheldon Whitehouse, a Democrat from Rhode Island
Sen. Sheldon Whitehouse, a Democrat from Rhode Island, speaks during a Senate Judiciary Committee hearing on November 10, 2020, on Capitol Hill in Washington, DC.      Susan Walsh - Pool/Getty Images
  • Sen. Sheldon Whitehouse purchased stock in Tesla valued between $15,001 and $50,000 on January 28, 2022

Rep. John Garamendi, a Democrat from California

Rep. John Garamendi, a Democrat from California
Rep. John Garamendi speaks during a news conference on Wall Street bonus taxes in January 2010.      Bill Clark/Roll Call/Getty Images
  • On January 14, 2022, Rep. John Garamendi's spouse sold between $1,001 and $15,000 worth of stock in Twitter

Rep. Mike Garcia, a Republican from California

Rep. Mike Garcia, a Republican from California
Rep. Mike Garcia, a Republican of California.      Bill Clark/CQ-Roll Call, Inc via Getty Images
  • Rep. Mike Garcia purchased stock in Tesla worth between $15,001 and $50,000 on January 25, 2022
  • Garcia purchased stock in Tesla valued between $15,001 and $50,000 on February 23, 2022
  • Garcia purchased stock in Tesla worth between $50,001 and $100,000 on September 29, 2022

Rep. Josh Gottheimer, a Democrat from New Jersey

Rep. Josh Gottheimer, a Democrat from New Jersey
Democratic Rep. Josh Gottheimer of New Jersey outside the Capitol on October 21, 2021.      Bill Clark/CQ-Roll Call, Inc via Getty Images
  • On January 26, 2022, Rep. Josh Gottheimer and his spouse jointly sold stock in Tesla valued between $1,001 and $15,000
  • On January 31, 2022, Gottheimer and his spouse jointly sold between $1,001 and $15,000 worth of Tesla stock
  • On February 7, 2022, Gottheimer and his spouse jointly purchased Tesla stock valued between $1,001 and $15,000
  • On May 26, 2022, Gottheimer and his spouse jointly purchased between $1,001 and $15,000 worth of Tesla stock

Rep. Kim Schrier, a Democrat from Washington

Rep. Kim Schrier, a Democrat from Washington
Rep. Kim Schrier, a Democrat from Washington      Tom Williams/CQ-Roll Call, Inc via Getty Images
  • On March 22, 2022, Rep. Kim Schrier's spouse, David Gowing, sold stock in Tesla worth between $250,000 and $500,000
  • On March 22, 2022. Rep. Kim Schrier and her spouse jointly sold stock in Tesla worth between $250,000 and $500,000

Rep. Vicente Gonzalez, a Democrat from Texas

Rep. Vicente Gonzalez, a Democrat from Texas
Rep. Vicente Gonzalez, a Democrat from Texas.      US House of Representatives
  • On May 29, 2022, Rep. Vicente Gonzalez purchased Tesla stock valued between $100,001 and $250,000

Rep. Chris Jacobs, a Republican from New York

Rep. Chris Jacobs, a Republican from New York
Republican Rep. Chris Jacobs of New York on Capitol Hill on April 27, 2022.      Bill Clark/CQ-Roll Call, Inc via Getty Images
  • On July 18, 2022, Rep. Chris Jacobs purchased stock in Tesla valued between $1,001 and $15,000

Rep. Kathy Manning, a Democrat from North Carolina

Rep. Kathy Manning, a Democrat from North Carolina
In this Friday, Oct. 19, 2018 file photo, Kathy Manning, democratic candidate for the the 13th Congressional District of North Carolina, attends an election rally at Bennett College in Greensboro, N.C.      Gerry Broome/AP
  • On September 12, 2022, Rep. Kathy Manning's husband, Randall Kaplan, sold stock in Tesla valued between $1,001 and $15,000

Rep. Ro Khanna, a Democrat from California

Rep. Ro Khanna, a Democrat from California
Rep. Ro Khanna, a Democrat from California.      Reed Saxon/AP
  • On September 5, 2022, Rep. Ro Khanna's dependent child sold Tesla stock worth between $1,001 and $15,000
  • On September 19, 2022, Khanna's dependent child sold Tesla stock valued between $1,001 and $15,000
  • On September 29, 2022, Khanna's dependent child purchased Tesla stock valued between $15,001 and $50,000
  • On September 29, 2022, Khanna's spouse, Ritu Khanna, purchased stock in Tesla valued between $1,001 and $15,000

Rep. David McKinley, a Republican from West Virginia

Rep. David McKinley, a Republican from West Virginia
Rep. David McKinley, a Republican of West Virginia.      US House of Representatives
  • On September 21, 2022, Rep. David McKinley purchased stock in Tesla valued between $1,001 and $15,000

Advertisement