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Tesla and SpaceX, both controlled by Elon Musk, lost a combined $456 billion in market capitalization over the two trading days following the U.S. mid‑term elections. According to CNBC, Tesla shares fell about 11 % and SpaceX shares about 9 %. The decline has prompted concerns among investors that a Democratic victory at the federal level and in Texas could trigger congressional investigations and stricter regulations. Such actions could delay major projects, including the development of data centers, the Terafab initiative, and a potential merger between Tesla and SpaceX. Article source: Adev&acaron;rul | Image credit: Adev&acaron;rul
Tesla and SpaceX, both controlled by Elon Musk, lost a combined $456 billion in market capitalization over the two trading days following the U.S. mid‑term elections. According to CNBC, Tesla shares fell about 11 % and SpaceX shares about 9 %. The decline has prompted concerns among investors that a Democratic victory at the federal level and in Texas could trigger congressional investigations and stricter regulations. Such actions could delay major projects, including the development of data centers, the Terafab initiative, and a potential merger between Tesla and SpaceX.
Article source: Adev&acaron;rul | Image credit: Adev&acaron;rul
