PoliticsMusk-backed candidates lose midterms despite financial backing
Tesla and SpaceX shares fell after Democrats swept to power in the US midterms. Elon Musk, founder of both companies, put more than $440 million into Republican candidates and causes, the election cycle’s largest campaign contribution. Yet candidates he favored lost races in Texas, where he has established roots.
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Musk-backed candidates lose midterms despite financial backing
Politics