Elon Musk's $445 million Republican spending backfires as Democrats seize Congress and Texas

PBS • 5 Նոյ 22:44

Elon Musk contributed at least $445 million to Republican campaigns, but the party lost control of Congress and key Texas races, while Musk's companies saw a sharp decline in market value.

NDTV • 5 Նոյ 18:03

Elon Musk deleted earlier messages urging a vote for Republican senators following the party's losses in the 2024 U.S. midterm elections, after spending over $458 million on Republican candidates.

Futurism • 5 Նոյ 13:32

Musk spent nearly $447 million on Republican candidates in the 2024 midterms, after which SpaceX and Tesla shares fell, erasing more than $120 billion in market value.

CNN • 5 Նոյ 12:00

Elon Musk's companies SpaceX and Tesla could encounter new regulatory challenges in Texas following Democratic wins for governor and attorney general, while Musk's recent political spending has not affected his personal wealth.

Fortune • 5 Նոյ 11:33

Elon Musk’s financial support for the Republican Party has sparked speculation about his role in shaping the party’s agenda as it recovers from recent congressional losses.

The Age • 5 Նոյ 01:20

The billionaire’s heavy spending on Republican candidates, especially in Texas, coincided with a $42 billion drop in his net worth and a surge in Democratic control of data-centre regulation.

NPR • 4 Նոյ 21:11

With a Democratic majority in Congress, lawmakers say they will investigate whether Elon Musk leveraged his ties to the Trump administration to secure federal contracts and influence policy.

NBC News • 4 Նոյ 15:40

After Democrats captured both chambers of Congress and won the Texas governor's race, billionaire Elon Musk's $500 million investment in Republican candidates appears to have backfired, affecting his companies' stock performance and prompting regulatory concerns.

BBC • 4 Նոյ 13:43

Elon Musk's political action committee donated $47 million to Republican Senate candidate Ken Paxton, but the funding did not prevent the seat from flipping to a Democrat in the 2024 election.

CNBC • 4 Նոյ 10:27

Musk's America PAC spent record amounts on the 2026 midterms, but most supported candidates lost, prompting declines in SpaceX and Tesla shares and raising questions about future policy influence.

NDTV • 4 Նոյ 07:44

After Democrats gained control of Congress in the 2026 midterm elections, Elon Musk posted a sarcastic comment about his rumored “space lasers” and noted interest in space-based data centers, while Texas senator-elect James Talarico criticized billionaire influence on social media.