Combined Musk-company losses reach $420 billion in two days
6 Nov 5 · 3d ago · 16 articles · 13 posts · 1 comment · 4 sources · development 6 of 7
Tesla (-11.5%) and SpaceX (-8.5%) extended losses, bringing the two-day combined market-cap decline to over $420 billion; Texas's governor-elect signaled a data-center moratorium that threatens Musk's buildout plans.
“Of note, Texas flipped blue, and the governor-elect wants a data center moratorium”
@unusual_whales
Elon Musk Tesla/SpaceX CEO and top midterm donor
Ken Paxton Texas Republican candidateTexas governor-elect Incoming Texas governor (Democrat)Congressional Democrats Incoming majority in the House and Senate
The whole story articlesvideospostscomments the bright band is this development · numbered dots are the others · click one to jump
What was reported 3 claims about this development
-
first by TESLARATI, 4d ago · also Motley Fool, Hindustan Times, Barron's Online, NYT
4 more headlines
- Was Elon Musk the Midterms' Biggest Loser? What It Means for Tesla and SpaceX Investors Motley Fool · 4d ago
- Musk feels brunt of Democrats' midterm win as Tesla, SpaceX shares fall Hindustan Times · 4d ago
- Tesla, SpaceX Stocks Are Down. It's the Midterms. Barron's Online · 4d ago
- Musk Faces Setback as SpaceX and Tesla Stocks Tumble on Midterm Election Results Mastodon · 4d ago
-
first by CNBC, 2d ago · also HN Frontpage, Anadolu Agency
2 more headlines
- Tesla and SpaceX lose over $420B in combined market cap in the two days HN Frontpage · 2d ago
- Tesla, SpaceX lose $456B in market value after US midterm elections Anadolu Agency · 2d ago
-
first by MarketWatch, 2d ago
What people said 14 voices · verbatim
-
J
Elon Musk spent nearly half a billion dollars on the midterms + got very little to show for it. @reuters.com looks at what the Democratic sweep of Texas means for his various businesses.
-
F
Elon Musk, the South African Trillionaire, spent $250M to keep the corrupt Texas Republicans in charge - it failed! Musk moved to Texas to escape Democrats — now they’re in charge After leaving California amid clashes with Democratic leaders, Musk finds himself facing a new crop of Democratic officials in the state he’s made his home. #…
-
I think it's more about him making Texas ground zero essentially for Tesla factories and more critically, for SpaceX, the environmental harm he's getting away with and the company town he's been trying to build there. Sure, the trillionaire could afford up and move it all financially, but not logistically.
-
A
😅 🎵 Blue, blue, 🎶 the Musk is blue 🎵 🎶 "Elon Musk left California for Texas, hoping to put Democratic regulators behind him. But after Tuesday's election, the Tesla CEO may find that the political climate he moved to escape is catching up with him in the state he now calls home." Newsweek: What a Blue Texas Means for Elon Musk’s Future…
-
Elon Musk = the worst ILLEGAL immigrant throughout the history of the US. He’s the one whom should have all of his assets dissolved and then he can be deported back by ICE to South Africa to serve out his lifetime sentence of fucking over everyone and being a horrible human.
-
SpaceX and Tesla's midterm stock drop cut Elon Musk's wealth by billions. He's still $490 billion richer than anyone else. https://www. businessinsider.com/elon-musk- net-worth-tesla-spacex-net-share-price-midterms-2026-11?utm_source=flipboard&utm_medium=activitypub Posted into News Insider @ news-insider-Insider
-
Trans bathroom ban in Arizona, genital examinations for minors in Washington. It’s genuinely insane how ‘progressive’ states are voting with the far right on this. Everybody fucking hates us
-
A
Elon Musk copes with wasting over $400 million on the GOP: ‘Guess my election-interfering space lasers didn’t work this time.’ {The New Republic 4 November} https:// newrepublic.com/post/217542/el on-musk-failure-buy-elections-texas Visit reddit.com/r/TheWireDesk linktr.ee/arthurnewhook 🪐💔 # QueSeraSera 𓅨 🕈
-
OMG I love that so much. Too bad we don't have an undiscovered island we could dump him on and ensure he has no way to get off.
-
How Else Could Musk Have Spent Nearly $500 Million? https:// gizmodo.com/better-ways-elon-m usk-could-have-spent-the-500-million-he-wasted-in-the-midterms-2000835138?utm_source=flipboard&utm_medium=activitypub Posted into Tesla And SpaceX @ tesla-and-spacex-kevinbeachus9
-
G
Opinion | $400 Million Lost. SpaceX Stock Tanking. Elon Musk Had a Tough Election Night. (Gift Article) https://www. nytimes.com/2026/11/05/opinion /elon-musk-midterms-trump-results.html?unlocked_article_code=1.OFE.Lxfy.fQ7mu5N_lPYe&smid=nytcore-ios-share
-
B
Where are those tiny violins when you need them? https://www. theguardian.com/technology/202 6/nov/04/elon-musk-midterm-spending-analysis
-
A
Elon Musk's record spending on Republicans failed in fierce midterms - BBC News https://www. bbc.co.uk/news/articles/cv8ez3 p3ge5ko
-
B
RE: https:// mastodon.social/@FluentInFinan ce/117560335735058763 Couldn’t have happened to more deserving bunch of assholes.
All 7 developments of Musk's $474M midterm bet collapses as Texas flips blue… →
NewswiresMastodonRedditXGoogle NewsBlueskyHacker NewsYouTube