# Tesla and SpaceX lose $456bn in value amid post-election scrutiny fears

- URL: https://talkfuse.com/story/elon-musks-tesla-and-spacex-lose-over-420-billion-in-combined-market-cap-after-midterms/
- Published: 2026-11-05T23:12:06+00:00
- Updated: 2026-11-05T23:18:23+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/05/tesla-spacex-stocks-fall-after-2026-midterms.html
- Topics: Business, Elections, Politics, Space, Technology

## Key points

- Tesla and SpaceX lost about $456 billion in market value by Thursday’s close.
- Election results have raised investor concerns about scrutiny and regulation.
- Texas rules could affect the companies’ planned AI infrastructure projects.

## Summary

The latest figures put Tesla and SpaceX’s combined market value losses at about $456 billion by Thursday’s close, after their shares fell sharply amid expectations of greater scrutiny following the US midterm elections. Investors are weighing the prospect of congressional probes and stricter regulation of Elon Musk’s companies.

Tesla shares fell about 11% and SpaceX shares about 9% on Thursday afternoon, alongside a wider technology sell-off. Democrats won control of both chambers of Congress, and most candidates backed by Musk, who contributed more than $470 million to Republican candidates and causes, lost their races. Analysts say proposed rules for data centres in Texas could delay or raise the cost of AI infrastructure projects, including a planned large facility; Musk’s wealth has fallen below $800 billion, though he remains the world’s richest person.

## Coverage

- [CNBC: Tesla and SpaceX lose $456bn in value amid post-election scrutiny fears](https://www.cnbc.com/2026/11/05/tesla-spacex-stocks-fall-after-2026-midterms.html)
- [Wired: How Elon Musk and Big Tech Poured Millions Into the Midterms, and Lost](https://www.wired.com/story/uncanny-valley-podcast-how-elon-musk-and-big-tech-poured-millions-into-the-midterms-and-lost/)
- [PBS NewsHour: Elon Musk gambled $445 million to boost Republicans in the midterms. It came up short](https://www.pbs.org/newshour/politics/elon-musk-gambled-445-million-to-boost-republicans-in-the-midterms-it-came-up-short)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.