# SpaceX, Tesla fall around 4% on Democrats’ big win; AI data center stocks slide

- URL: https://talkfuse.com/story/spacex-tesla-fall-around-4-on-democrats-big-win-ai-data-center-stocks-slide/
- Published: 2026-11-04T09:33:40+00:00
- Updated: 2026-11-06T02:55:42+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/04/ai-stocks-texas-governor-data-centers.html
- Topics: AI, Business, Markets, Space, Technology

## Key points

- Democrats’ Texas win unsettled AI data centre investors.
- Texas holds about 27% of planned US data centre capacity.
- SpaceX and Tesla shares fell after the election results.

## Summary

Shares in some AI data centre companies and Elon Musk’s SpaceX and Tesla fell after Democrats won key midterm races, including the Texas governorship. Investors fear the results could slow data centre construction and create obstacles for technology policy, adding pressure to an AI trade already facing concerns about spending growth.

Democrat Gina Hinojosa, who has called for an immediate pause on data centre construction, defeated Republican incumbent Greg Abbott. Texas accounts for about 27% of planned US data centre capacity, according to Wells Fargo; Georgia accounts for 7%, while Ohio and Pennsylvania each account for 5%. SpaceX and Tesla fell around 4% and 5% respectively, while CoreWeave and Iren each dropped 4%; several large technology firms, including Amazon and Microsoft, rose.

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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.