Tesla Stock Drops 4% After Musk-Backed Candidates Fall In 2026 Midterms

The post Tesla Stock Drops 4% After Musk-Backed Candidates Fall In 2026 Midterms appeared first on Coinpedia Fintech News

Elon Musk spent a record of at least $474 million on the 2026 midterms, but many of his preferred candidates lost, according to a CNBC analysis of campaign finance records. Nearly half of that money, $224 million, went into Texas, where Republican Senate nominee Ken Paxton and Governor Greg Abbott were both defeated by Democrats. …