Over the past 24 hours, the value of the largest public companies in the US has fallen by a little more than three trillion dollars. Leading the decline are the major chip and microelectronics manufacturers, as well as Elon Musk's Tesla. In total, Elon Musk-owned SpaceX and Tesla have combined to lose more than $420 billion in market value since the Democratic victory in the US midterm elections.

Over the past 24 hours, the value of the largest public companies in the US has fallen by a little more than three trillion dollars. Leading the decline are the major chip and microelectronics manufacturers, as well as Elon Musk's Tesla. In total, Elon Musk-owned SpaceX and Tesla have combined to lose more than $420 billion in market value since the Democratic victory in the US midterm elections.