Tesla and SpaceX shares slide as Musk’s political push falls flat

Shares of Tesla and SpaceX have taken a hit as investors react to Elon Musk's substantial political spending during the U.S. election, which didn't yield the anticipated policy outcomes. With a new wave of Democratic officials in power, there's concern that upcoming policies might not be as favorable to Musk's ventures. This shift in political landscape has triggered a market response, reflecting broader implications for tech and space industry funding and regulation. Musk's influence on political outcomes appears limited, prompting a reassessment of his business strategies and their future viability.