BusinessPhoto: NDTV BusinessElon Musk Spent $400M on US Midterms; Tesla, SpaceX Stocks Fall
Elon Musk invested over $400 million supporting Republican candidates nationwide during the US midterm elections. Following the Republicans' losses, shares of Tesla and SpaceX declined in premarket trading. This significant political spending coincided with a negative market reaction to the midterm results affecting Musk's companies.
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