Musk-backed candidates lose midterms despite financial backing
Summary
Republicans backed by Elon Musk lost midterm races despite his spending more than $440 million on Republican candidates and causes. The article says his preferred candidates also lost races in Texas, where Musk has established roots, and that Tesla and SpaceX shares fell after Democrats won the midterms.Key Facts
- Musk spent more than $440 million on Republican candidates and causes during the election cycle.
- The article describes Musk as the election cycle’s largest campaign donor.
- Musk-backed candidates lost midterm races.
- Musk’s preferred candidates lost races in Texas.
- Tesla and SpaceX shares fell after Democrats won the midterm elections.
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