https://www.live-feeds.com/feed/elon-musk-s-tesla-and-spacex-lose-over-420-billion-in-combined-market-cap-after-midtermsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/elon-musk-s-tesla-and-spacex-lose-over-420-billion-in-combined-market-cap-after-midtermshttps://www.live-feeds.com/feed/elon-musk-s-tesla-and-spacex-lose-over-420-billion-in-combined-market-cap-after-midterms#u186084Sun, 08 Nov 2026 13:40:38 +0000Elon Musk saw his business empire take a heavy hit after the 2026 US midterm elections, with Tesla and SpaceX losing over $420 billion in combined market capitalization. Musk invested $445 million into boosting Republican campaigns and keeping Texas red, but the GOP faced stunning defeats at the ballot box. Investors dumped shares amid worries that Musk now faces intense regulatory scrutiny and investigations from empowered Democrats. Musk also deleted several of his midterm posts following the election losses, while his personal wealth dropped by about $90 billion in a week.Why it mattersMusk