https://www.live-feeds.com/feed/the-nail-that-sticks-out-gets-hammered-first-elon-musk-s-net-worth-falls-113-billion-from-tesla-and-spacex-dropsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/the-nail-that-sticks-out-gets-hammered-first-elon-musk-s-net-worth-falls-113-billion-from-tesla-and-spacex-dropshttps://www.live-feeds.com/feed/the-nail-that-sticks-out-gets-hammered-first-elon-musk-s-net-worth-falls-113-billion-from-tesla-and-spacex-drops#u187520Mon, 09 Nov 2026 10:41:13 +0000Elon Musk's net worth fell approximately $113 billion over a two-day span following the midterm elections, driven by sharp declines in the market values of Tesla and SpaceX. While the broader Wall Street market rallied with the Dow rising 3% on Wednesday following a Democratic sweep of the House and Senate, Musk's companies bucked the trend. Investors dumped the shares amid fears of political retaliation after Musk spent nearly $500 million on the midterm elections attempting to keep Texas red. The stock slump also eroded AI and data centre shares associated with his business empire.