Finbold’s congressional trading radar recently picked up on an interesting transaction involving the carmaker’s stock. A March 31 filing revealed that Vicente Gonzalez, the representative of Texas’s 34th congressional district, sold $250,000 worth of Tesla stock (NASDAQ: TSLA) on March 17.
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To be more precise, the congressman’s sale was valued at between $100,001 and $250,000. At the time of his liquidation, Tesla stock was changing hands at a price of $238.01.
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Gonzalez acquired the shares through three purchases — he made the first on May 29, 2022, and executed the latter two on March 4, 2025. At the time of his first purchase, TSLA stock was trading at $253, while it had reached a price of $272 per share at the time of the second transaction.
Not only did Gonzalez lose money on the sale — he closed his entire position. By press time on April 2, Tesla stock had reached a price of $261.18 — a point at which the representative might have even broken even on his trade.
On the face of it, there’s nothing particularly noteworthy about the trade, not more so than any other congressional sale, as there is no shortage of bearish catalysts at play with TSLA. However, a closer look does reveal a few interesting details.
Did committee assignments and congressional seating play a role in Gonzalez’s decision to sell Tesla stock?
First, let’s recap those bearish catalysts. Chief executive officer (CEO) Elon Musk remains a polarizing figure on account of his involvement in public affairs, which has led to widespread backlash in the form of a protest movement and boycott. The billionaire’s net worth has decreased by approximately $126 billion owing to falling share prices since the start of Trump’s second term.
Online traffic directed to the term ‘sell Tesla stock’ has hit a 1-year high. January marked the first instance in which vehicle deliveries declined on a year-over-year (YoY) basis.
One of the electric vehicle maker’s key advantages, its charging network, is facing pressure, as key competitor BYD has recently unveiled a much faster system. In addition, key company personnel have engaged in a copious amount of insider selling since the start of the year.
So, what makes the trade so interesting? Gonzalez is currently a member of the Congressional Committee on Financial Services, as well as the Subcommittee on Capital Markets.
Beyond possessing that informational edge, his district — Texas’s 34th, happens to house SpaceX’s Starbase — and while it would be irresponsible to draw definite conclusions from speculation, we wouldn’t consider it particularly surprising if the congressman is amply informed regarding Musk-adjacent developments.
Readers interested in a more material outlook should keep an eye out for Tesla’s Q1 vehicle delivery figures, due Wednesday, April 3.
Featured image via Shutterstock
