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via finance.yahoo.comMarkets

Elon Musk's Political Gamble Just Backfired on Tesla

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Tesla Inc. (TSLA, Financials) and SpaceX sank around 5% in premarket trading as the Democratic wins in the U.S. midterm elections raised worries about how the results may politically affect Elon Musk's enterprises.The losses followed a…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishTesla and SpaceX fell premarket on political concerns tied to Musk's businesses, affecting Tesla shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tesla and SpaceX fell about 5% in premarket trading.
  2. 02Republican Ken Paxton, backed by Musk, lost to Democrat James Talarico in Texas.
  3. 03According to the text, Musk allegedly spent over $160 million on anti-Talarico campaigns.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Tesla, Inc.TSLAStock390.69 USD+0.07%today -1.96%Negative Space Exploration Technologies Corp.SPCXStock135.24 USD-1.06%today -4.30%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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