# Musk-backed candidates lose midterms despite financial backing

https://mins.news/en/item/129703

- France 24, 2026-11-04 21:06 UTC
- Politics
- Original: https://www.france24.com/en/musk-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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