Politics · Texas, United States · United States of America · November 4, 2026

Elon Musk's $446 million midterm spending fails

Reported by 5 outlets · first reported Nov 4, 4:41 PM ET

Candidates Musk backed lost. Tesla and SpaceX-linked shares fell.

Why it matters

It may invite scrutiny of his businesses.

Background

Musk set a record for election spending.

The story so far

1. Nov 4Elon Musk's $446 million midterm spending fails
2. Nov 6Tesla to wind down Cybertruck; Musk firms lose $420 billion in value
3. Nov 7Tesla to wind down Cybertruck production

Follow the whole story →

Sources

• The Guardian ↗Nov 4, 9:00 PM ET
• BBC Business ↗Nov 4, 4:41 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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