Topline
Just weeks after being named chair of the House subcommittee overseeing Elon Musk’s efforts to slash what he deems wasteful spending, Rep. Marjorie Taylor Greene (R-Ga.) bought thousands of dollars of shares in Tesla.
Chair Marjorie Taylor Greene (R-Ga.) presides over a hearing Wednesday of the House Oversight ... [+]
Key Facts
Greene announced in November 2024 she would chair a new House Oversight subcommittee in the upcoming Congress, overseeing Musk’s work with the Department of Government Efficiency (DOGE).
On Jan. 8, 2025, Greene purchased Tesla shares in four different accounts, with each transaction falling between $1,000 and $15,000, according to a report she filed with the House Clerk’s Office.
A spokesperson for Greene did not immediately respond to a request for comment.
News Peg
A week after winning the election, Donald Trump tasked Elon Musk with leading DOGE, a government entity tasked to “slash excess regulations, cut wasteful expenditures and restructure Federal Agencies.” Musk’s moves, which have decimated the United States Agency for International Development and the Consumer Financial Protect Board, have sparked a wave of lawsuits.
Crucial Quote
“The legislative branch can’t sit on the sidelines,” Greene said Wednesday in her opening statement at her subcommittee’s first hearing. “In this subcommittee, we will fight the war on waste shoulder to shoulder with President Trump, Elon Musk and the DOGE team.”
What To Watch For
In January, Reps. Marie Gluesenkamp Perez (D-Wash) and Zach Nunn (R-Iowa) introduced the No Corruption in Government Act, which would ban House members from trading stocks. The bill is currently in committee.
How Much Tesla Stock Does Marjorie Taylor Greene Own?
Before taking office in 2021, Greene held between $15,000 and $50,000 in Tesla stock. While her then-husband bought more shares in the electric vehicle manufacturer through his IRA in January 2021, Greene does not appear to have increased her holdings until late 2024 when she bought another $4,000 to $60,000 worth of shares.
Big Numbers
Tesla traded between $387.40 and $402.50 on the day Greene made her latest purchases. On Thursday, it closed at $355.94, meaning Greene’s purchases were down anywhere from 8% to 12%.
Surprising Fact
In June 2024, Greene introduced an amendment to the 2025 defense budget that would ban funds from being used on electrical vehicles or electrical vehicle infrastructure.
Tangent
In 2021, Greene purchased between $15,000 and $50,000 worth of shares in the shell company that was set to merge with Trump Media & Technology Group. By the following year, the shares vanished from her financial disclosures without any reported sale. Possible explanations: the value of the shares plummeted below the $1,000 reporting threshold or her then-husband, Perry Greene, got them in their divorce settlement.
Further Viewing
Further Reading
Trump SPAC Investor Rep. Marjorie Taylor Greene Is Plugging Truth Social (Forbes)
Elon Musk’s Now $43 Billion Poorer This Month—As Scrutiny On Trump Ties Grows (Forbes)
Here’s Where Trump’s Government Layoffs Are—As 200,000 Recent Hires Could Be Affected (Forbes)
