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Texas Senate race heats up as Democrat James Talarico targets Elon Musk's $366M backing of GOP's Ken Paxton

Market News
23 Oct 2026
CNBC
View Source
Bearish
Texas Senate race heats up as Democrat James Talarico targets Elon Musk's $366M backing of GOP's Ken Paxton

James Talarico, the Democratic nominee for U.S. Senate in Texas, released an ad accusing Elon Musk of trying to "buy" the Senate seat by heavily funding Republican Ken Paxton's campaign. Musk, the largest individual donor in the 2026 midterms with about $366 million spent across 40 races, has poured at least $189.6 million into Paxton's campaign. The feud escalated with mutual insults on social media as the midterm election approaches, with polls showing Talarico slightly ahead. This highlights concerns over the influence of wealthy donors in key political races.

The Texas Senate race involving James Talarico and Elon Musk provides context for market watchers. For readers following Consumer Cyclical-sector US stocks on Pluang, here is the market snapshot as of Oct 23, 2026 21:01 WIB: out of 134 priced stocks, 13 rose and 119 fell. Notable movers include GTX (Garrett Motion Inc. Common Stock) at USD 20.80 with a 1-day change of -5.45% and a typical hold time of 14 days, ATER (Aterian Inc) at USD 0.66 with a 1-day change of +5.36% and Pluang order activity of 56% Sell / 44% Buy, and NCLH (Norwegian Cruise Line Holdings Ltd) at USD 14.80 with a 1-day change of -4.76% and a typical hold time of 69 days.

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