Tesla and SpaceX saw a combined market value drop of over $420 billion within two days following the Democratic Party's sweep in the midterm elections. Investors are concerned that the new Democratic-controlled Congress may initiate investigations into Elon Musk's companies, creating political risks that could impact their future operations and stock performance. This development highlights how political changes can swiftly affect market valuations, especially for high-profile tech firms. Shareholders should watch for potential regulatory actions and adjust their investment strategies accordingly.
Following the political shifts noted in the article, Tesla's stock price on Pluang is currently USD 390.19, down 1.83% in the past day as of Nov 16, 2026 06:11 WIB. The stock's market cap stands at $1.54 trillion, with a 52-week trading range between $298.16 and $489.88. Investors on Pluang typically hold Tesla shares for about 90 days, reflecting medium-term interest despite recent volatility.
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