Elon Musk's Tesla and SpaceX Lose over $420 Billion in Combined Market Cap After Midterms
Investors fear new congressional scrutiny and tighter regulation as Democrats take control, while Texas data-center plans face added uncertainty, analysts said.
- On Thursday, Tesla and SpaceX shares declined about 9% and 11% respectively as investors feared new Congressional probes and stricter regulation following U.S. mid-term elections, erasing over $420 billion in aggregate market value since Tuesday's close.
- Democrats won control of both chambers of Congress, positioning Elon Musk—a top ally of President Donald Trump—as a likely target for scrutiny. Texas Republican Sen. Ted Cruz noted Democrats signaled they would use subpoenas "to go after Elon Musk."
- Deutsche Bank analysts warned on Wednesday that SpaceX faces "incremental headwinds" in Texas, where Gov. elect Gina Hinojosa made data centers a campaign issue and called for "a moratorium on new approvals until the legislature passes stronger protections on water use."
- Tesla shares fell 14% to about $342, while SpaceX stock dropped 12% to about $125, representing combined losses of roughly $450 billion across two trading sessions.
- CFO Vaibhav Taneja expects robotaxis to make a "real dent" in Tesla's profits by 2027, though analysts recommend buying in small pieces over several weeks given these remain among the most volatile tech stocks available.
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Elon Musk’s Tesla and SpaceX lose $456 billion in market value after Democrats sweep midterm elections - Tech Startups
Elon Musk’s two biggest companies, Tesla and SpaceX, lost a staggering $456 billion in combined market value in just two trading days after Democrats swept the 2026 U.S. midterm elections, handing the billionaire a financial setback just days after he […] The post Elon Musk’s Tesla and SpaceX lose $456 billion in market value after Democrats sweep midterm elections first appeared on Tech Startups.
Tesla & SpaceX Lost $420 Billion In Market Cap This Week — Didn't Have To Be This Way - CleanTechnica
Many of you may remember that Tesla and SpaceX got significant boosts early on in their corporate lives from the Obama administration, the Democrat-controlled House, and the Democrat-controlled Senate. There’s a solid chance these companies would no longer exist today without that early support. Democrats in California and in the ...
Elon Musk saw his fortune fall by more than 100 billion dollars after a massive sale of technological values on Thursday at Wall Street. This decline comes in a context of post-election anxiety at the...
Elon Musk has invested billions in the political success of the Republican Party. After his defeat in the U.S. mid-term elections, his companies are facing massive stock market pressure. Investors fear that Washington could put...
Tesla and SpaceX lose $456 billion in stock market value. According to the U.S. election, Elon Musk threatens political risks and problems with a merger.
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