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via finance.yahoo.comMarkets

SpaceX and Tesla shares fall about 9% after Democratic election sweep

FROM THE WIRE · FINANCE.YAHOO.COM

SpaceX (SPCX) and Tesla (TSLA) stocks extended declines on Thursday, each dropping roughly 9%. Shares of the Elon Musk-led companies were pounded after Democrats won control of the House and Senate this week, raising concerns over regulatory hurdles for data center buildouts in…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishSharp drops in two large-cap stocks reflect regulatory risks for data center buildouts and a possible merger.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SpaceX (SPCX) and Tesla (TSLA) each fell roughly 9% on Thursday.
  2. 02Democrats won control of the House and Senate, raising regulatory concerns.
  3. 03Dan Ives said a SpaceX/Tesla merger now faces a tougher regulatory path.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Space Exploration Technologies Corp.SPCXStock125.15 USD+1.77%today -7.92%Negative Tesla, Inc.TSLAStock350.00 USD+0.68%today -9.14%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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