Markets rise, but SpaceX and Tesla stocks fall, after Dems take back the House and Senate. Here’s why

There’s no two ways about it: Yesterday’s midterm election results were nothing short of a massive victory for the Democrats (a “blue tsunami,” indeed). The Democrats will now control both chambers of Congress by a wide margin, radically altering the balance of power in Washington. While change brings uncertainty—and no one likes uncertainty less than investors—stock markets have so far reacted positively to the news. As of the time of this writing, S&P futures are up more than 1%, Do...