Tesla and SpaceX stock prices dropped after the U.S. democratic party won the election

Updated 2026-11-04 · told from many outlets at once

SpaceX and Tesla stocks dropped sharply on Wall Street after Democrats won both chambers of Congress. Elon Musk donated over $445 million to Republican groups for the 2026 election.

SpaceX and Tesla stocks fell in early trading on Wall Street.
Tesla shares fell by 3.82 percent on Wednesday's trading.
Elon Musk gave over $445 million to Republican-aligned groups in the 2026 election cycle.
Democrats gained control of both houses of the United States Congress.

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Outlets: ANSA, La Nación (Costa Rica), NZ Herald, Poder360, Público (Portugal), Stern

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