Elon Musk's $440 Million Political Investment Fails to Sway US Midterm Elections

France24 World · world

Tech titan Elon Musk, a significant backer of Republican candidates, invested over $440 million into the US midterm elections. Despite this substantial financial backing, his preferred candidates ultimately lost their races, particularly in Texas. This outcome led to a drop in the stock prices of Musk's companies, Tesla and SpaceX, following the Democratic party's success in the elections. The results highlight the unpredictable nature of political campaign funding and its impact on market sentiment.