Economy
Tesla and SpaceX shares drop after Democrats win US Congress
Tesla fell about 5% and SpaceX plunged 6.9% in pre-market trading following the Democratic midterms victory, fueling investor anxiety.
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The essentials of this story
- What happened
- Tesla and SpaceX shares fell in pre-market trading following the Democratic Party's victory in the United States Congress.
- Who is affected
- Tesla and SpaceX investors, as well as Elon Musk.
- What changes
- The Democratic victory creates regulatory uncertainties and could delay a potential merger between Musk's companies.
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