Elon Musk's $500M US Midterm Bet Backfires as Democrats Win
Elon Musk invested nearly $500 million to support Republican candidates in the 2026 US midterm elections. However, Democrats won control of both Congressional chambers, undermining Musk's political goals. As a result, Tesla and SpaceX stocks declined despite a strong overall market, showing Musk's financial backing did not yield the expected political influence.
Times of India·



