House spokeswoman Nancy Pelosi, a Democrat from California, jumped on Tesla (TSLA) – get report

Pelosi on Dec. 22 bought 25 call options for the name of the electric vehicle with an exercise price of $ 500 and an expiration date of Jan. March 2022, according to a government act, the transaction value is 500001 to 1000000 USD

“Pelosi and her husband love to take long-term option positions,” wrote Davemanuelcom, who previously reported on the deal noting that Tesla closed at $ 64034 on the day of purchase, “which means the cost per contract is likely in Ranged from $ 300 to $ 330 per contract as Tesla’s options have very high external value (time and volatility)”

However, according to a recent release from Wedbush analyst Daniel Ives, the stock could benefit more from the nation’s “blue wave” than from Pelosi’s single move

“A Biden White House and a Blue Senate make a very bullish political backdrop and a potential game changer for Tesla and the entire electric vehicle sector in the US A greener agenda is certainly in sight now for the next several years, “Ives wrote, adding that” doubling “electric vehicle tax credits and other consumer incentives and government initiatives could help Tesla as well as General Motors (GM) – Get Report, Fisker (FSR ) – Get report and other names

Founded by Elon Musk, the company is one of many S&P names slated to hit the bullring this week, expecting net income of $ 1 billion, or $ 104 a share on sales of $ 105 Billions after market close on Wednesday, based on a FactSet poll of 22 analysts, TheStreet reported last week

For the same period last year, Tesla posted earnings of 428 cents per share on sales of $ 7 billion and net income of $ 143 million

Tesla closed at $ 846 on Friday64 and rose slightly more in after-hours trading on the Nasdaq

Nancy Pelosi

World news – AU – Tesla is picked up by Nancy Pelosi

Source: https://www.thestreet.com/latest-news/tesla-gets-picked-up-by-nancy-pelosi