SpaceX and Tesla shares plunge after Democratic midterm wins raise data-center regulatory fears
Reuters reported that SpaceX and Tesla shares fell sharply after the U. S. midterm elections, with investors fearing that Democratic victories would increase regulatory scrutiny of data-center projects and complicate a possible merger between the two companies. Earlier, AI-related equities slipped after Democrats secured the Texas governorship, raising concerns about future data-center policies, according to CNBC.
CNBC later noted that billionaire donors debated campaign-finance strategies and warned that the outcome could hinder the AI sector. Moneycontrol. com observed that tokens linked to President Donald Trump and shares of firms tied to former Bitcoin miners also dropped as investors reassessed regulatory and financing risks. The BBC said SpaceX shares fell amid a broader retreat in technology and semiconductor stocks, driven by expectations of tighter oversight of data-center projects.
