Musk's support for Republicans wasn't enough, Democrats won Texas
Videos
Elon Musk spent hundreds of millions of dollars backing Republicans in the US congressional elections, but a strong Democratic showing brought defeat even in Texas, which had long been a stronghold of the Republican Party. Democrat James Talarico became the first Democratic senator elected in that state since 1988. seznamzpravy.cz ↗
According to available data, Musk invested more than 200 million dollars in the Texas campaign. His total spending in support of Republicans ranged from approximately 445 to 474 million dollars. However, the voting results did not bring his political involvement the expected success. After the Republicans' defeat, Musk removed his call to participate in the elections and commented on the results ironically. zpravy.aktualne.cz ↗
The election result in states important to the technology industry could also affect Musk's business sector. Voters rejected 40 out of 41 proposals for the construction of large data centers, which represents a complication for technology companies and may signal a shift in Congress's attitude toward expanding this infrastructure. El Pais ↗
At the same time, the developments increased political uncertainty surrounding Musk's companies Tesla and SpaceX. According to estimates cited in connection with the elections, the companies lost more than 150 billion dollars in market value following the results. Further developments will show whether the new balance of power in Congress will affect regulatory and investment conditions for the technology industry. Le Figaro ↗
According to available data, Musk invested more than 200 million dollars in the Texas campaign. His total spending in support of Republicans ranged from approximately 445 to 474 million dollars. However, the voting results did not bring his political involvement the expected success. After the Republicans' defeat, Musk removed his call to participate in the elections and commented on the results ironically. zpravy.aktualne.cz ↗
The election result in states important to the technology industry could also affect Musk's business sector. Voters rejected 40 out of 41 proposals for the construction of large data centers, which represents a complication for technology companies and may signal a shift in Congress's attitude toward expanding this infrastructure. El Pais ↗
At the same time, the developments increased political uncertainty surrounding Musk's companies Tesla and SpaceX. According to estimates cited in connection with the elections, the companies lost more than 150 billion dollars in market value following the results. Further developments will show whether the new balance of power in Congress will affect regulatory and investment conditions for the technology industry. Le Figaro ↗
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (18)
Elon Musk löscht Wahlaufruf nach Pleite der Republikaner bei den Midterms
Der Standard
| 09:39 05.11.
Los centros de datos también perdieron las elecciones en Estados Unidos
El Pais
| 19:40 05.11.
Nagyot ment a New York-i tőzsde a félidős választások után
Telex
| 09:26 05.11.
Jak Elona Muska porazil „podivín“ a bývalý učitel. A navíc v Texasu
seznamzpravy.cz
| 17:40 04.11.
La Bourse de Wall Street ouvre en forte hausse après la victoire démocrate aux élections de mi-mandat
Le Figaro
| 16:57 04.11.
Sinkende Aktienkurse, unsichere Pläne: Der andere Verlierer der Midterms heißt Elon Musk
Tagesspiegel
| 12:23 05.11.
Wahlkampf so teuer wie nie: So wurden die Midterms zum Milliardengrab
n-tv
| 09:41 05.11.
Boli to najdrahšie voľby v amerických dejinách. Len Elon Musk dal republikánom vyše 445 miliónov
kultura.pravda.sk
| 06:00 05.11.
Tesla und SpaceX fallen: Sieg der Demokraten beflügelt Wall Street
n-tv
| 23:08 04.11.
Midterms : le revers des républicains fait perdre plus de 150 milliards de dollars aux entreprises d’Elon Musk
Le Figaro
| 20:19 04.11.
Midterms 2026 : comment les démocrates ont conquis le Texas, bastion historique des républicains
Le Figaro
| 17:00 04.11.
Velké peníze tentokrát nestačily. Mezi poražené kongresových voleb patří i američtí miliardáři
ihned.cz
| 16:42 04.11.
Die US-Wahl zeigt: Die Weltlage wird nicht immer nur schlechter
Der Standard
| 06:00 06.11.
Midterms 2026 : l’argent d’Elon Musk n’a pas suffi à garder le Texas dans le giron républicain
Le Monde
| 15:21 05.11.
Musk se vysmál prohře republikánů. Za volby zaplatil neuvěřitelnou částku
zpravy.aktualne.cz
| 20:40 04.11.
Elon Musk jednym z największych przegranych wyborów w USA
TVN24.pl
| 20:24 04.11.
Wette auf Republikaner geplatzt: Elon Musk verzockt eine halbe Milliarde Dollar - und macht Witze darüber
n-tv
| 16:50 04.11.
Muskovy miliardy při volbách v USA republikánům nestačily
novinky.cz
| 13:37 04.11.
🔥 You might also like
Hungarian Politics
Democrat James Talarico wins Senate seat in Texas
Democrat James Talarico won the US Senate election in Texas, defeating Republican Ken Paxton. His success, according to projections and media reports...
Politics (General)
Texas Could Give Democrats a Breakthrough in the Battle for the Senate
Americans vote Tuesday in congressional elections that could shift the balance of power in the Senate and House. Texas draws special attention...
World Politics
Musk's companies weaken significantly after Congressional elections
The Democrats' victory in the US Congressional elections also affected Elon Musk's political position and the assessment of his business activities. The Dem...
© HotInfo
Geographic locations
From our newsroom original
All →
US elections bring a shift in mood in politics and markets

SNS proposes criminal liability from age 13

Paraguayan President Santiago Peña resigns following banking crisis

Hungary corrected Orbán's troop numbers for NATO. Slovakia lowered its estimates in the same table even more sharply

Mecca Pact Countries Held Their First Joint Talks in Tehran. They Agreed Only to Keep Talking

Cruise ship with over 3,300 people on board collided with two container ships in Bremerhaven

Swiss court convicts Belarusian over disappearance of Lukashenko opponent in 1999

International Criminal Court may use American software even under US sanctions