{"id":383184,"date":"2026-11-05T06:04:00","date_gmt":"2026-11-05T14:04:00","guid":{"rendered":"https:\/\/cms-articles.softonic.io\/en\/?p=383184"},"modified":"2026-11-05T06:04:04","modified_gmt":"2026-11-05T14:04:04","slug":"elon-musks-474-million-midterm-bet-backfires-tesla-investors-notice","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/elon-musks-474-million-midterm-bet-backfires-tesla-investors-notice\/","title":{"rendered":"Elon Musk\u2019s $474 million midterm bet backfires: Tesla investors notice"},"content":{"rendered":"

The numbers are in on Elon Musk\u2019s 2026 U.S. midterm spending, and the picture looks rough. Based on public campaign-spending disclosures, it reads like a costly setback<\/strong> after Musk poured roughly $445 million to $474 million into mostly Republican races.<\/p>\n

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Texas took the biggest hit. Public election results and campaign-spending records show that even $224 million in Musk-linked spending wasn\u2019t enough: Democrats James Talarico beat Ken Paxton for the Senate, and Gina Hinojosa unseated Greg Abbott. America PAC also spent nearly $87 million<\/strong> on 44 races and ended up with 29 losses, 3 wins, and 12 still undecided. About 93% of its money was tied to Republican defeats.<\/p>\n\n

The market delivered its verdict too. According to market data, Tesla fell about 3%<\/strong> to 3.34% and SpaceX dropped 3.8% to 4%, after earlier premarket slides of roughly 5% to 6% and 7% to 8%. All of that happened while the broader market and big tech were moving higher.<\/p>\n\n

If you follow Musk closely, keep an eye on this. Analysts now see pressure building around Texas power, water, permits, and tax breaks, along with a proposed Tesla-SpaceX merger and tougher Democratic oversight<\/a><\/strong> of data centers, SpaceX contracts, and Musk\u2019s Trump-era DOGE ties.<\/p>\n\n

You can track Musk\u2019s reaction, and the 12 undecided races, on X and in public results. There, Musk mocked his \u201celection-interfering space lasers,\u201d joked about \u201cData centers in space,\u201d<\/strong> reportedly deleted a \u201cvote red\u201d post, and gave critics one more reminder that megadonor money still can\u2019t guarantee wins.<\/p>\n

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The numbers are in on Elon Musk\u2019s 2026 U.S. midterm spending, and the picture looks rough. Based on public campaign-spending disclosures, it reads like a costly setback after Musk poured roughly $445 million to $474 million into mostly Republican races. Texas took the biggest hit. Public election results and campaign-spending records show that even $224 … Continue reading “Elon Musk\u2019s $474 million midterm bet backfires: Tesla investors notice”<\/span><\/a><\/p>\n","protected":false},"author":9349,"featured_media":383183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":0},"categories":[1015],"tags":[],"usertag":[],"vertical":[],"content-category":[],"class_list":["post-383184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t