...
By James Bickerton
News Reporter
0
Share
Newsweek is a Trust Project member
See more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.
House Republican Marjorie Taylor Greene has come under fire after it emerged she purchased between $4,000 and $60,000 worth of Tesla stock on January 8 after she was selected to chair the House Department of Government Efficiency (DOGE) subcommittee.
Newsweek contacted Representative Greene for comment on Saturday via email outside of regular office hours.
Why It Matters
Shortly after his second inauguration on January 20, President Donald Trump established DOGE, under the leadership of tech billionaire and close ally Elon Musk, to slash what both view as wasteful federal government expenditure.
Read More on U.S.
Musk is also the CEO of electric car manufacturer Tesla, which critics say creates a conflict of interest.
What To Know
According to a document she filed with the House Clerk's Office on January 27, Greene purchased between $55,055 and $825,000 worth of stock, including in tech companies such as Amazon, Alphabet, Meta and Tesla.
The uncertainty about the exact figure is because Greene said each of her 55 stock purchases were in the $1,001 to $15,000 range, and the clerk's office does not require her to provide an exact figure.
The four purchases of Tesla stock are each worth between $1,001 and $15,000, adding up to between $4,004 and $60,000.
...
Greene's decision to buy Tesla stock was criticized as "corruption in plain sight" by Democratic strategist Greg Pinelo on social media website Bluesky, given it was announced in November that she would chair the House DOGE subcommittee.
In a Bluesky post, CNBC journalist Carl Quintanilla said Greene has perhaps lost money on her Tesla stock, the value of which fell by 11 percent between January 8 and February 14.
After a federal judge issued a temporary restraining order restricting DOGE from accessing the Treasury Department's payment system on February 8, Greene branded the ruling "absurd," adding: "We will hold this judge and others who try to stop the will of the people and their elected leaders accountable."
What People Are Saying
Speaking at the first House DOGE subcommittee meeting on Wednesday, Greene said: "The whole D.C. swamp is freaking out that the unelected officials from DOGE were allowed access to these systems. That makes no sense. Federal judges were not elected. The Treasury bureaucrats were not elected, and they have failed to fix the problem that is enabling American taxpayers to be robbed."
CNBC's Carl Quintanilla wrote on Bluesky on Friday: "If she bought on Jan 8, as its reported here, she's down 11%."
Referring to Greene's purchase of Tesla shares on Bluesky, Mother Jones senior editor Michael Mechanic said: "I've been reading federal ethics laws recently, and this is a VERY CLEAR VIOLATION."
What Happens Next
It remains to be seen whether pressure on Greene over her Tesla stock purchases is to continue.
View 0 Comments
Submit Correction
View Editorial & AI Guidelines