Why Did Tesla and SpaceX Shed Over $420B in Value?
Tesla and SpaceX lost over $420 billion in market capitalization after the U.S. midterms ushered in a Democratic Congress and wiped out key Texas political allies.

Governor of Texas since 2015
Photo: NASA Johnson Space Center / NASA-JSC/ROBERT MARKOWITZ · Public domain
PeopleTesla and SpaceX lost over $420 billion in market capitalization after the U.S. midterms ushered in a Democratic Congress and wiped out key Texas political allies.