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Shares of Tesla and SpaceX dropped after the Democratic party swept to power in America's midterm elections. Their founder, tech titan Elon Musk, poured over $440 million into Republican candidates and causes, the single biggest campaign donor in the election cycle. But his investment fell flat, as his preferred candidates lost races in Texas, where he has put down roots.
Musk-backed candidates lose midterms despite financial backing Markets react with caution to Democrats' victory in US midterms Californians vote on ballot initiative to impose one-time tax on billionaires Despite attacks, Saudi Aramco posts 34% rise in net profits in latest quarter © 2026 Copyright France 24 - All rights reserved. France 24 is not responsible for the content of external websites. Audience ratings certified by ACPM.ACPM The content you requested does not exist or is not available anymore.
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