Musk-backed candidates lose midterms despite financial backing
Shares of Tesla and SpaceX dropped after the Democratic party swept to power in America's midterm elections. Their founder, tech titan Elon Musk, poured over $440 million into Republican candidates and causes, the single biggest campaign donor in the election cycle. But his investment fell flat, as his preferred…
Covered by 4 sources from 4 countries. First reported by Al Jazeera ·
How 4 newspapers cover this story
Musk makes light of defeats after record spend on Republican candidates
Tesla and SpaceX founder Elon Musk is the world's richest man and the largest individual donor in the US midterms.
Musk-backed candidates lose midterms despite financial backing
Shares of Tesla and SpaceX dropped after the Democratic party swept to power in America's midterm elections. Their founder, tech titan Elon Musk, poured over $440 million into Republican candidates and causes, the single biggest campaign donor in the election cycle. But his investment fell flat, as his preferred…
Elon Musk's nearly $500m US midterm gamble backfires: Tesla, SpaceX stocks take a hit
In a bold move, Elon Musk invested almost half a billion dollars to back Republican candidates in the 2026 US midterms. However, the elections turned the tables, with Democrats securing both Congressional chambers, which proved detrimental to Musk's interests. Consequently, shares of Tesla and SpaceX dipped…
Elon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms
Elon Musk's Tesla and SpaceX lose $420 billion in combined market cap after midterms
Coverage details
4 outlets from 4 countries are covering this story: Al Jazeera, France 24, The Times of India and CNBC. Al Jazeera published it first, on November 4, 2026; the last outlet to join was CNBC, 34 hours later.
Key names in the coverage: Elon Musk, Tesla and SpaceX.
By country: Qatar (1), France (1), India (1), United States (1).
