Musk Stocks Erase $130 Billion as Texas Blue Wave Hits Home
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Summary
Elon Musk’s Texas-based empire is coming under investor scrutiny after Democrats clinched unlikely wins in his adopted state on their way to take control of Congress. #elonmusk #tesla #spacex #texas #trump #politics #news #usa Shares of Tesla and SpaceX slumped 3.3% and 3.8%, respectively, after Democratic candidates prevailed in the state’s gubernatorial and Senate races, wiping out nearly $130 billion in combined market value on Wednesday. The party’s blowout nationwide victory adds another layer of risk since Musk is a prominent Republican donor. Read more: https://www.bloomberg.com/news/articles/2026-11-04/tesla-spacex-shares-take-early-hit-as-midterm-blue-wave-unfolds ---------- Like this video? Subscribe https://www.youtube.com/@Bloomberg-News Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more. Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg on YouTube: https://www.youtube.com/@business https://www.youtube.com/@markets https://www.youtube.com/@BloombergTechnology https://www.youtube.com/@BloombergPodcasts Connect with us on social: https://www.instagram.com/bloombergbusiness https://www.linkedin.com/company/bloomberg-news https://www.tiktok.com/@bloombergbusiness https://www.facebook.com/bloombergbusiness
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