SpaceX and Tesla shed $420B in combined value after Democrats win midterms
Tesla and SpaceX lost more than $420 billion in combined market value after Democrats won the US midterm elections, according to WatcherGuru. The post tagged both $TSLA and $SPCX, tying the selloff directly to the election result. No per-company breakdown was given.
Elon Musk's Tesla and SpaceX lost more than $420 billion in combined market value after Democrats won the US midterm elections, according to WatcherGuru on X. The outlet flagged the drop as an immediate reaction to the results.
The post carried both tickers, $TSLA and $SPCX. Tesla is a publicly traded automaker; WatcherGuru used $SPCX as the SpaceX ticker in the same update. The outlet did not split the damage between the two companies.
That leaves the combined figure as the only number on the table: over $420 billion gone from the pair's value. No breakdown of how much each name shed was included in the report.
WatcherGuru framed the election outcome itself as the trigger, tying the wipeout straight to Democrats winning the midterms. Musk sits at the center of both companies, making him the common thread in the selloff as the outlet described it.
Election results are a classic market shock, and the two Musk-linked names caught the worst of this one, per the post. Traders will now watch whether the slide sticks or gets bought back.
TopicsElon Musk · SpaceX · Tesla · $SPCX · $TSLA · Democratic Party · US midterm elections · WatcherGuru
Written by Paparazzi with AI. Not financial advice.
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