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Tesla and SpaceX stocks tumble amid fears of slower AI growth after Democratic midterm sweep

Market News
06 Nov 2026, 14:55 WIB
Barrons
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Bearish
Tesla and SpaceX stocks tumble amid fears of slower AI growth after Democratic midterm sweep

Tesla and SpaceX stocks have fallen sharply, with SpaceX dropping 12.5% over two sessions, as investors react to a Democratic midterm sweep that signals slower growth in AI-related sectors. The market is adjusting expectations, leading to a selloff in AI-exposed stocks. This shift reflects concerns about the pace of AI innovation and its impact on companies like Tesla and SpaceX. Investors will be watching closely for how these political changes influence tech and space industry growth moving forward.

Despite the recent selloff in SpaceX and Tesla shares following political shifts, Tesla's stock shows resilience on Pluang. As of Nov 06, 2026 20:01 WIB, Tesla trades at USD 349.00 with a 1-day gain of 1.54%, and a market cap of $1.36 trillion. Investor activity on Pluang leans slightly towards buying, with 54% buy orders compared to 46% sell orders, reflecting continued interest in Tesla amid market adjustments.

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