Veytics Intelligence
2026-11-05 · Yahoo

What the Democratic landslide means for GOP booster Elon Musk and his businesses

The historic landslide victory for Democrats in the midterm elections deeply bruised the Republican Party and President Trump, but there's one man who may have been hurt equally as bad: Elon Musk, the world's richest person and the party's biggest donor. The near trillionaire reportedly spent close to $450 million backing GOP candidates across the country and in Texas specifically — where his SpaceX and Tesla are headquartered and have large operations — but his massive donations failed spectacularly and may have backfired.

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