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Tesla and SpaceX Shares Slide After Democratic Election Sweep

Original: Musk’s Tesla, SpaceX Slide as Democrats Sweep Congress

Tesla and SpaceX-linked assets fell in value as Democrats won control of Congress, according to Bloomberg. Investors appear to be repricing Elon Musk's companies on expectations of tougher regulation, tax changes and reduced goodwill toward Musk from a divided or Democratic-led government. The move highlights how closely Musk's business fortunes are tied to US political outcomes.

Why now: Democrats' congressional election sweep is prompting investors to reassess the outlook for Elon Musk's companies.

Elon MuskTeslaSpaceXDemocratic PartyUS Congress

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Evidence

• Musk’s Tesla, SpaceX Slide as Democrats Sweep Congress · Bloomberg.com

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