Tesla and SpaceX Shares Fall About 5% After Democrats Win Midterms

Enna Lee

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Tesla and SpaceX Shares Fall About 5% After Democrats Win Midterms

Both companies are linked to Elon Musk, a prominent Republican supporter.

By Enna Lee

Published Nov 4, 2026, 1:22 PM EST

Closed doors frame a quiet corridor inside the Capitol. / TokenPost.ai

Tesla and SpaceX, two companies linked to prominent Republican supporter Elon Musk, each fell about 5% in Wednesday premarket trading after Democrats won decisively in U.S. midterm elections.

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.