Paul Pelosi Ended 2022 with Devastating Losses, And It May Have Been Spurred By Elon Musk

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As Tesla shares plummeted in value at the end of last year, one investor who lost out was Paul Pelosi, the husband of former Speaker and Democratic Rep. Nancy Pelosi of California.

Paul Pelosi lost more than $500,000 as Tesla dipped, according to Business Insider.

Tesla, of course, is currently lead by billionaire Elon Musk.

Pelosi reported that the final weeks of the year cost him $2.5 million as other investments lost money, including one in Salesforce, a cloud-based software company, that cost Pelosi nearly $734,000.

In March, Paul Pelosi had acquired $2 million worth of shares in Tesla, according to Forbes.

The losses come as the website Celebrity Net Worth estimated Paul Pelosi’s net worth to be $120 million.

Tesla stock had a rocky year in 2022, as noted by CNBC. As the year ended, its stock was down 73% from its record high in November 2021 and 69 percent over the course of 2022.

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