A post by @DeItaone on X.
TESLA SHARES FALL 4.3% TO TWO-WEEK LOW, SPACEX DOWN 4.6% TO OVER TWO-MONTH LOW AFTER DEMOCRATIC SWEE…
@DeItaone on X
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Tesla shares dropped 4.3% to a two-week low and SpaceX fell 4.6% to its weakest level in more than two months after Democrats swept the U.S. midterm elections. The declines hit both Elon Musk-linked names as investors weighed the implications of a divided or Democrat-controlled political landscape for Tesla and the privately held rocket company. The move matters because Tesla is a major public equity holding and SpaceX is closely watched as a private-market bellwether. What to watch next is whether the selloff extends into the following session and whether policy signals from the incoming Congress affect Tesla’s outlook.
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Named in this story
SpaceX, Tesla (TSLA), US Midterm Elections, Democratic Party
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