Elon Musk jokes about GOP election defeat after spending record sums on party
Musk’s posts mocked the losses after his spending failed to stop Democratic gains, and lawmakers are expected to examine his political influence.
- On Wednesday, November 4, 2026, Democrats seized control of Congress and flipped Texas seats, marking a major defeat for Tesla and SpaceX CEO Elon Musk, who poured nearly $474 million into Republican campaigns.
- Texas became a primary focus for Musk, who funneled roughly $225 million into the state, primarily supporting Republican Ken Paxton's unsuccessful Senate bid, making him the cycle's largest individual political donor.
- Joking about "space lasers," Musk posted sarcastic messages on X after removing an earlier "Vote red" appeal as his targeted candidates largely lost.
- Shares of Tesla and SpaceX fell on Wednesday as markets reacted to the losses, while Democratic Texas Governor-elect Gina Hinojosa vowed to take power from "powerful people who have gotten very comfortable running this state."
- Lawmakers signaled increased scrutiny of Musk's past leadership of the Department of Government Efficiency and his federal contracts as Democrats assume control of Congress in January.
424 Articles
424 Articles
The richest person in the world has spent almost half a billion dollars in the Midterm election campaign to support Republican candidates. It hasn't paid off. On the contrary, Elon Musk is now threatening trouble.
Elon Musk, who spent more than $400 million to support Republican candidates in the US midterm elections on November 3, was unable to prevent the Democrats from gaining a majority in both houses of Congress. While Democrat James Talarico won the Senate race in Texas, a state Musk heavily supported, the election results reopened the debate about the billionaire's influence on American politics.
The billionaire beat a record spending by spending $446 million on campaigns of Republican candidates who were not elected Trump faces the end of his term of office crushed at the polls and with an internal schism Elon Musk beat a record election spending this year after spending nearly $500 million to support Republicans in the US mid-term elections. In the end, it turned out to be a bad investment.
Hawaii Tribune-Herald
Elon Musk’s business empire braces for Democratic wave as Texas flips blue
As Republicans suffered a landslide defeat and Texas elected its first Democratic governor in more than three decades, one of the biggest losers of the U.S. midterms was not on the ballot: billionaire Elon Musk.
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