Musk stocks lose $120 bn as Texas turns blue

Elon Musk’s Texas-based empire is coming under investor scrutiny after Democrats clinched unlikely wins in his adopted state on their way to take control of Congress.Shares of Tesla Inc. and Space Exploration Technologies Corp. slumped 2.4% and 4.9%, respectively, after Democratic candidates prevailed in the state’s gubernatorial and Senate races, wiping out over $120 billion in combined market…

First reported by The Economic Times 5 hr ago1 source

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The Economic Times19:555 hr ago
Musk stocks lose $120 bn as Texas turns blue (opens The Economic Times in a new tab)
Elon Musk’s Texas-based empire is coming under investor scrutiny after Democrats clinched unlikely wins in his adopted state on their way to take control of Congress.Shares of Tesla Inc. and Space Exploration Technologies Corp. slumped 2.4% and 4.9%,…