Shares of Elon Musk's aerospace firm SpaceX and carmaker Tesla fell around 4% in premarket trading on Wednesday after Democrats secured significant victories in the US midterm elections. Democratic victories in key data center hubs raised concerns over potential restrictions on new data center developments. Musk also faced political setbacks after investing approximately $500 million in Republican candidates and campaign efforts.
SpaceX dropped 3.9%, while Tesla lost 3.6%, as investors assessed the potential implications of the results for Musk's businesses. Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis. By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more. You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Extract — continue reading at the source.
