A political blow to Musk - Tesla and SpaceX shares lost about 15% The shares of Elon Musk's companies Tesla and SpaceX fell about 15% within two days after the Democratic victory in the US midterm elections. Investors fear that the new balance of power in Congress will lead to increased control over the entrepreneur's business. Musk actively supported Republicans, so their defeat created additional risks for his companies. Democrats have gained control of both houses of Congress, which could increase antitrust scrutiny, including the potential Tesla-SpaceX merger. In addition, lawmakers may call Musk to testify about reports of restrictions on Starlink's operations in Ukraine. Quotes were also affected by a general sell-off in shares of companies related to artificial intelligence and data center infrastructure. On Thursday, the Nasdaq 100 fell 6%, as investors fear tighter regulations on the construction and operation of data centers in states key to Musk's business, including Texas and Georgia.

A political blow to Musk - Tesla and SpaceX shares lost about 15% The shares of Elon Musk's companies Tesla and SpaceX fell about 15% within two days after the Democratic victory in the US midterm elections. Investors fear that the new balance of power in Congress will lead to increased control over the entrepreneur's business. Musk actively supported Republicans, so their defeat created additional risks for his companies. Democrats have gained control of both houses of Congress, which could increase antitrust scrutiny, including the potential Tesla-SpaceX merger. In addition, lawmakers may call Musk to testify about reports of restrictions on Starlink's operations in Ukraine. Quotes were also affected by a general sell-off in shares of companies related to artificial intelligence and data center infrastructure. On Thursday, the Nasdaq 100 fell 6%, as investors fear tighter regulations on the construction and operation of data centers in states key to Musk's business, including Texas and Georgia.