Democrats Invest in Tesla Despite Party’s Rocky Relationship with Elon Musk
Staff Editor Democratic Representatives Invest in Tesla Amid Party’s Mixed Reactions to Elon Musk
Recent financial disclosures have revealed that several Democratic Representatives, including Vicente Gonzalez, Josh Gottheimer, and Gil Cisneros, have made significant stock purchases in Tesla. This development comes at a time when the electric vehicle manufacturer and its CEO, Elon Musk, have become increasingly controversial figures within Democratic circles.
Elon Musk’s public statements and actions have led to a contentious relationship with many Democrats, with some party members actively divesting from Tesla as a form of protest. Texas Democrat Julie Johnson recently sold her Tesla stock, citing her financial advisor’s decision rather than personal involvement.
Despite this trend, Rep. Vicente Gonzalez of Texas has invested at least $65,000 in Tesla stock. Gonzalez’s district includes the headquarters of Musk’s SpaceX, potentially influencing his decision. Similarly, Rep. Gil Cisneros purchased between $1,000 and $15,000 in Tesla stock, managed by external financial advisors as part of a diverse portfolio. Cisneros has maintained a critical stance towards Musk despite the investment.
Rep. Josh Gottheimer’s financial disclosures show frequent trading in Tesla stock during January and February. Gottheimer’s trades are managed by a third party, with plans to establish a blind trust in the future.
These investments stand in contrast to actions taken by other prominent Democrats. Senator Mark Kelly sold his Tesla in favor of a Chevy Tahoe, while Senator Adam Schiff has expressed willingness to part with his Tesla. Reports of increased listings of used Teslas suggest a broader discontent with Musk among Democratic supporters.
Public figures have openly criticized Musk’s behavior, citing it as a factor in their decisions regarding Tesla ownership and investment. The situation highlights the complex relationship between political affiliations, personal investments, and ethical considerations in stock trading practices.
As the debate continues, many Democrats emphasize the importance of avoiding conflicts of interest and maintaining ethical standards in their financial decisions, even as some party members continue to invest in the controversial company.
