2026-11-05 19:40 UTC
It's a bloodbath in the stock market today as overpriced tech stocks sink while markets absorb the implications of Democratic wins in the midterms.
Tesla, down 11%, has lost about $150 billion in value today. YTD, it is down 25%.
#UsPol
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Replies (1)
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@AkaSci@fosstodon.org 2026-11-05 19:51
Mr. Musk spent at least half a billion dollars in this election, most of it went down the drain. House - backed 37 Republicans, 33 lost Senate - backed 7 republicans, 6 lost, AK remains to be called He spent over $225 million Texas which saw a blue wipeout. Cameron county, home to Starbase and Boca Chica, voted overwhelmingly for Democratic candidates (~65%:31%). Sad 🙁 https://www.reuters.com/world/us/musk-has-little-show-his-record-spending-republican-campaigns-us-midterms-2026-11-05/ https://www.cameroncountytx.gov/elections/wp-content/uploads/2026/11/1145pm-RPT11-04-2026-060050.pdf #UsPol 2/n