Musk lost about $30 billion after the initial results of the US congressional elections were announced, the FT reports. In early trading on the US stock market, SpaceX and Tesla were down 3.5% and 2.8%, respectively. The Washington Post notes that Musk has donated a record $446 million to Republican political action committees.

Musk lost about $30 billion after the initial results of the US congressional elections were announced, the FT reports. In early trading on the US stock market, SpaceX and Tesla were down 3.5% and 2.8%, respectively. The Washington Post notes that Musk has donated a record $446 million to Republican political action committees.