This article first appeared on GuruFocus. Tesla Inc. (TSLA, Financials) and SpaceX sank around 5% in premarket trading as the Democratic wins in the U.S. midterm elections raised worries about how the results may politically affect Elon Musk's enterprises.The losses followed a highly watched contest for the Texas Senate in which Democrat James Talarico upset Republican Ken Paxton, who had been backed by Musk.Musk has allegedly spent more than $160 million to fund anti-Talarico campaigns, including political ads.The survey also found Republicans outspent Democrats on ads in the election by nearly two to one.Musk's wider political expenditures also attracted notice.
Publicznie pokazujemy glowna mysl. Utworz darmowe konto, aby czytac caly artykul, zapisac go, omowic i polaczyc z kontekstem rynkowym oraz OSINT.