Tesla and SpaceX Lose More Than $420 Billion After Midterms
Photo: TokenPost
Tesla and SpaceX lost more than $420 billion in combined market value over the two days after the U.S. midterm elections, with both stocks falling amid a broader technology selloff. Tesla shares dropped about 9% and SpaceX shares about 11% on Thursday afternoon. The combined loss compares the companies' market values at Tuesday's close with their levels Thursday afternoon. Democrats won control of the House and Senate. In Texas, Democrat James Talarico won the U.S. Senate race and Gina Hinojosa won the governor's race, defeating Ken Paxton and Greg Abbott, respectively.
Source: TokenPost
