A loss of 420 billion dollars from Elon Musk's companies as a result of the defeat of the Republicans.
According to IRNA, citing CNBC, the total market value of Tesla and SpaceX companies fell by more than 420 billion dollars in two days after the defeat of the Republicans in the US midterm elections. The shares of these two companies fell by 11% and 9% on Thursday.
🔹 The fear of increased oversight of Congress under the control of the Democrats over government contracts and Musk's business activity was cited as one of the reasons for this decline. Investors are also afraid of the tightening of regulations and the difficulty of obtaining permits for his development projects.
Irna Jahan