Macro Finance
Musk Stocks Erase $120 Billion as Democrats’ Texas Win Hits Home
Bloomberg Markets·November 4, 2026·1 min read
Elon Musk's Texas-based companies lost $120 billion in market value as investors reacted to Democrats' unexpected wins in his adopted state, which helped the party take control of Congress. The political shift raises concerns about regulatory changes affecting Musk's ventures.
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