Elon Musk, CEO of Tesla and SpaceX, spent over $445 million in the 2026 U.S. midterm elections, mainly opposing Democratic candidate James Talarico. Despite this massive spending, the Democrats won key races, raising investor concerns about less favorable policies for Musk's companies under the new administration. This political setback has led to a decline in Tesla and SpaceX shares as the market adjusts to potential regulatory challenges ahead.
Elon Musk's political spending did not sway the U.S. midterm outcomes, and Tesla and SpaceX shares have reacted sharply. On Pluang, Tesla (TSLA) trades at USD 379.80, down 4.69% for the day, while SpaceX (SPCX) is priced at USD 130.97, falling 7.32% as of Nov 4, 2026, 20:22 WIB. Investors on Pluang show a stronger sell interest in Tesla with 69% of orders to sell compared to 31% to buy, reflecting caution after the election results.
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SpaceX stock fell 5.13% over the past two months, with a $1,000 investment now worth about $949. Investors are cautious due to the company's heavy AI investments, including a major deal with Anthropic, and high capital expenditures projected for Q4. ...
