US Midterms: Musk Spent Over $200 Million In Texas. Here's What Happened To His Stocks
Times of India
What the coverage says
Elon Musk heavily funded Republican campaigns during the Texas elections in an effort to counter a potential Democratic surge, but these results fell short of expectations. According to the Times of India, this outcome constitutes Musk's biggest defeat. NDTV Profit reported that Musk spent more than $400 million backing Republicans nationally, while the Economic Times framed the broader situation as Musk's empire bracing for a Democratic wave. Following the midterm defeats, NDTV Profit noted that the stock prices for Tesla and SpaceX declined in premarket trading.
Written by HeadlineShine from 3 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- Times of India first reported it
- Economic Times reported it
- NDTV Profit reported it
- NDTV reported it
- Latest update
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