Tesla and SpaceX lose over $450bn in market value over two days

· Finance · United States

Elon Musk's Tesla and SpaceX lost more than $456 billion in combined market value over two days, according to MarketWatch, as investors worried that a divided Washington could derail "Elon, Inc." CNBC put the combined loss at over $420 billion. The selloff came after Democrats swept the midterm elections, upending bets tied to Musk's companies and their close relationship with the outgoing administration. The two-day figure is a sharp reversal for the world's most valuable electric-vehicle maker and its closely held rocket company.

Why it matters：The wipeout underscores how heavily Musk's companies are now priced on political access, a risk that could spread to other firms whose valuations rest on government ties.

Key points

  • MarketWatch put the two-day combined loss at $456 billion.
  • CNBC cited a combined loss of more than $420 billion.
  • Investors worry a divided Washington could derail "Elon, Inc."

Sources (original reporting)

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