Musk-backed candidates lose midterms despite financial backing

Musk-backed candidates lose midterms despite financial backing

Home Shows Business Video content Program Business To display this content from YouTube, you must enable advertisement tracking and audience measurement. One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site. Cover image: business © France 24 06:35 Issued on: 04/11/2026 - 22:06 From the show Shares of Tesla and SpaceX dropped after the Democratic party swept to power in America's midterm elections. Their founder, tech titan Elon Musk, poured over $440 million into Republican candidates and causes, the single biggest campaign donor in the election cycle. But his investment fell flat, as his preferred candidates lost races in Texas, where he has put down roots.

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