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Elon Musk jokes about GOP election defeat after spending record sums on party

Musk mocked the defeats after spending nearly $500 million on GOP races, a haul that still left Republicans losing key contests nationwide.

  • On Tuesday, Texas Democrats achieved a historic sweep, electing Gina Hinojosa as governor and James Talarico as senator in a stunning reversal of the state's political landscape.
  • Billionaire Elon Musk spent $474 million supporting Republican nominees nationwide, with $158 million alone directed to Texas Attorney General Ken Paxton's failed Senate bid.
  • Talarico secured victory with a 55-43 margin, while Democrats flipped three seats on the 15th Court of Appeals and four on the Texas Supreme Court.
  • Governor-Elect Hinojosa called for a moratorium on data center construction and ending tax breaks, while Tesla and SpaceX shares plummeted Wednesday morning.
  • Incoming Democratic chairs, including Robert Garcia of the House Oversight Committee, promised investigations into Musk's 2025 leadership of the Department of Government Efficiency for alleged privacy breaches.
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Perfil broke the news in Buenos Aires, Argentina on Monday, November 2, 2026.
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