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Coverage dated November 4, 2026 to November 6, 2026

Elon Musk’s Tesla and SpaceX lose $456 billion in market value after Democrats sweep midterm elections

Headline from Tech Startups

Newest development Nov 6, 2026 · 2 reportsElon Musk’s Tesla and SpaceX lose $456 billion in market value after Democrats sweep midterm elections

Elon Musk’s two biggest companies, Tesla and SpaceX, lost a staggering $456 billion in combined market value in just two trading days after Democrats swept the 2026 U.S. midterm elections, handing the billionaire a financial setback just days after he […] The post Elon Musk’s Tesla and SpaceX lose $…

Tech Startups's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

Developments in this update

3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Shares of Tesla and SpaceX fall after Elon Musk's midterm election bet backfired

    Headline from Quartz ·

  2. Elon Musk’s Tesla and SpaceX Hit by Post-Election Selloff

    Headline from Cheddar ·

  3. Newest

    Elon Musk’s Tesla and SpaceX lose $456 billion in market value after Democrats sweep midterm elections

    Headline from Tech Startups ·

Read the reports

Reports & sources

7 articles, oldest first.

  1. Insider

    Tesla and SpaceX shares drop after Elon Musk's election bet backfires (opens Insider)

    Published

    Insider's feed description

    Shares in Tesla and SpaceX fell around 4% premarket on Wednesday after the Democrats won a string of midterm victories in Texas.

  2. Quartz

    Shares of Tesla and SpaceX fall after Elon Musk's midterm election bet backfired (opens Quartz)

    Published

    Quartz's feed description

    Democrats' wins in Texas and Congress raise investor concern over AI regulation and a potential Tesla-SpaceX merger

  3. Bloomberg

    Tesla Shares Tumble Again in Deepening Post-Election Slump (opens Bloomberg)

    Published

    Bloomberg's feed description

    Tesla Inc. shares fell again on deepening worries that wins by Democrats in this week’s election will stymie Elon Musk’s efforts to expand his business empire.

  4. Quartz

    Shares of Tesla and SpaceX sink as Elon Musk's post-election rout gets worse (opens Quartz)

    Published

    Quartz's feed description

    Tesla stock is down about 22% for the year as investors weigh tighter AI rules in Texas and a wider drop in technology stocks

  5. Cheddar

    Elon Musk’s Tesla and SpaceX Hit by Post-Election Selloff (opens Cheddar)

    Published

    Cheddar's feed description

    Elon Musk’s business empire is facing renewed pressure as Tesla and SpaceX shares extend their losses following the Democrats’ midterm victories.

  6. Clean Tech Nica

    Tesla & SpaceX Lost $420 Billion In Market Cap This Week — Didn’t Have To Be This Way (opens Clean Tech Nica)

    Published

    Clean Tech Nica's feed description

    Many of you may remember that Tesla and SpaceX got significant boosts early on in their corporate lives from the Obama administration, the Democrat-controlled House, and the Democrat-controlled Senate. There’s a solid chance these companies would no longer exist today without that early support.

  7. Tech Startups

    Elon Musk’s Tesla and SpaceX lose $456 billion in market value after Democrats sweep midterm elections (opens Tech Startups)

    Published

    Tech Startups's feed description

    Elon Musk’s two biggest companies, Tesla and SpaceX, lost a staggering $456 billion in combined market value in just two trading days after Democrats swept the 2026 U.S. midterm elections, handing the billionaire a financial setback just days after he […] The post Elon Musk’s Tesla and SpaceX lose $…

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