Tesla and SpaceX, Elon Musk's two largest public companies, lost a combined $457 billion in market value between November 3 and 5, 2026, following Democratic wins in Congress and key Texas races. Tesla's stock dropped nearly 14%, while SpaceX fell over 12%, with SpaceX's credit default swap costs hitting a record high, signaling rising risk despite ample cash reserves. The political changes threaten projects like SpaceX's Starbase and a joint Tesla-SpaceX data center, potentially slowing AI and robotics initiatives critical to both companies' growth. Investors are closely watching credit spreads and stock prices for signs of recovery or further declines as new Texas leadership may impose restrictions affecting Musk's businesses.
Tesla's market cap stands at $1.36 trillion on Pluang as of Nov 06, 2026 19:12 WIB, with its stock price at $349.31 and a 1-day gain of 1.64%. SpaceX trades at $129.20, up 4.51% in one day, holding a market cap of $1.68 trillion. Despite the recent $457 billion combined loss reported in the news, both stocks show positive movement on Pluang, with more buy orders than sell orders for each.
Tesla CEO Elon Musk announced that the company will stop producing the Cybertruck next year, repurposing the factory space to build two-seater Cybercab robotaxis. Despite initial high hopes and plans to sell 250,000 units annually, the Cybertruck has...
Tesla announced it will wind down production of the Cybertruck at its Texas Gigafactory by mid-2027 to make room for increased Cybercab production, which supports Tesla's Robotaxi fleet. The Cybertruck, once expected to sell up to 500,000 units annua...
Tesla CEO Elon Musk announced that production of the Cybertruck at the Texas Gigafactory will wind down around mid-2027. The Texas factory near Austin is currently the only facility known to produce components for the Cybertruck, leaving uncertainty ...
Tesla CEO Elon Musk announced plans to scale back Cybertruck production at the Texas gigafactory by mid-2027 to increase output of the new Cybercab, a key part of Tesla's robotaxi strategy. The Cybertruck, known for its futuristic design, has struggl...
Elon Musk's net worth dropped by nearly $80 billion in one day due to a 10.77% fall in Tesla's stock amid a broad tech market sell-off. Chipmakers like Micron and AMD also suffered steep losses despite strong earnings, driven by fears of political ch...
