✉news ScienceSpace first seen 7 d ago, last 6 d ago, peak #7
Tesla and SpaceX shares fall after Musk-backed GOP loses
Original: Tesla, SpaceX Dive As Elon Musk's Big GOP Election Bet Fails
Shares in Tesla and SpaceX dropped after election results went against the Republican candidates Elon Musk had publicly backed and spent heavily to support. Investors appeared to penalise the companies for Musk's deep political involvement, with his election bet failing to pay off and adding fresh uncertainty around his business empire.
Why now: Musk's political spending tied his companies closely to a losing election outcome, prompting investors to sell.
Elon MuskTeslaSpaceXRepublican Party
Evidence
- Tesla, SpaceX Dive As Elon Musk's Big GOP Election Bet Fails · Investor's Business Daily
API: https://socialmediatrends-api.osmike.com/v1/trends/4873707