Elon Musk could lose about 30 billion dollars after the initial results of the midterm elections for the US Congress were announced. The "Financial Times" reports this, linking the decline in the billionaire's fortune with the decline in the shares of the companies he owns. According to the newspaper, shares of SpaceX and Tesla fell 3.5% and 2.8% respectively in early trading, even though the US stock market as a whole rose. At the same time, this is first and foremost about reducing the market value of Musk's shares in the companies, and not about a direct loss of such an amount in cash, and the valuation may change following the stock market quotes. The decline in Musk's fortune was the result of the defeat of the Republicans, whom he actively supported. The billionaire poured a record $446 million into political action committees aligned with the Republican Party, according to the Washington Post. Nevertheless, Democrats gained control of the Senate and the House of Representatives following the November 3 vote. The election results could create additional complications for Musk's businesses: Democrats have previously advocated for greater oversight of his companies, and the return of opposition to congressional leadership opens up the possibility of new parliamentary investigations. The new Congress will take office on January 3, 2027; Until then, Republicans maintain majorities in both chambers.

Elon Musk could lose about 30 billion dollars after the initial results of the midterm elections for the US Congress were announced. The "Financial Times" reports this, linking the decline in the billionaire's fortune with the decline in the shares of the companies he owns. According to the newspaper, shares of SpaceX and Tesla fell 3.5% and 2.8% respectively in early trading, even though the US stock market as a whole rose. At the same time, this is first and foremost about reducing the market value of Musk's shares in the companies, and not about a direct loss of such an amount in cash, and the valuation may change following the stock market quotes. The decline in Musk's fortune was the result of the defeat of the Republicans, whom he actively supported. The billionaire poured a record $446 million into political action committees aligned with the Republican Party, according to the Washington Post. Nevertheless, Democrats gained control of the Senate and the House of Representatives following the November 3 vote. The election results could create additional complications for Musk's businesses: Democrats have previously advocated for greater oversight of his companies, and the return of opposition to congressional leadership opens up the possibility of new parliamentary investigations. The new Congress will take office on January 3, 2027; Until then, Republicans maintain majorities in both chambers.