Musk donated a massive $474 million in the midterm elections but suffered defeats, with the donation amount nearly twice that of the 2024 general election.
Original headline马斯克中期选举豪捐 4.74 亿美元却遭败绩，捐款额近 2024 年大选两倍
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Elon Musk donated at least $474 million to Republican candidates for the 2026 midterms, nearly double his pre-2024 presidential election giving, with roughly $200 million directed at Texas races. The spending failed to deliver results: Texas Republican Senate candidate Ken Paxton and Governor Greg Abbott both lost to Democratic opponents. Musk also gave $30 million to the Congressional Leadership Fund and $44 million to other Republican groups and candidates. Shares of SpaceX and Tesla, both headquartered in Texas, fell on Wednesday after the results. The outcome raises questions about the returns on Musk's political spending and whether he scales back or doubles down ahead of the next cycle.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Elon Musk, SpaceX, Tesla (TSLA), Greg Abbott, Ken Paxton, Texas
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