EconomyMusk’s rough week: $500M lost in Texas, Cybertruck production winds down, stocks fall

Elon Musk spent nearly half a billion dollars backing Republican candidates in the midterms, much of it to help Ken Paxton defeat Democrat James Talarico in the Texas Senate race. Talarico won. Musk also said Tesla will begin winding down Cybertruck production at its Austin plant around the middle of next year to make room for more Cybercab production.

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