A post by @BloombergHT on X.

Democrats' midterm election victories in the US weighed on Elon Musk's companies, with Bloomberg HT reporting the political shift hit the billionaire's business empire. The article did not specify which races or margins were involved, nor quantify the decline across Musk's holdings, which span Tesla, SpaceX, X and xAI. The move matters because Musk has become an increasingly overt political figure, tying investor sentiment toward his companies to electoral outcomes. What to watch next is whether the post-election pressure on Musk-linked equities persists and whether policy shifts toward his firms follow the new balance of power.