Musk’s Texas Election Bets Rattle Tesla and SpaceX SharesTexas Voters Reject Musk’s Influence as Democrats Win Key RacesDemocratic Texas Wins Put Data Centers and Tech Growth at Risk
On November 4, Tesla and SpaceX shares fell after Democratic candidates won the Texas governor’s and Senate races, challenging Elon Musk’s heavy support for Republicans.On November 4, Democratic victories in Texas came as Tesla and SpaceX shares fell, following Elon Musk’s major financial backing of Republican candidates.On November 4, Democrats won Texas’s Senate and governor races as Tesla and SpaceX shares fell, raising investor concerns about future data-center policy.