Elon Musk's political bets largely failed as Democrats surged, triggering calls for scrutiny of his companies and influence.
Musk has little to show for his record spending on Republican campaigns in US midterms
AA Astro Awani 
Key takeaways
Elon Musk spent nearly $445 million on federal races and almost $230 million on Texas Senate, yet only three of the 43 Republicans he supported won the House, and six of seven Senate candidates lost.
- Musk’s $445 million federal spend produced only three House wins out of 43 backed candidates.
- In Texas, he spent $230 million on a Senate race, $5 million on a governor race, and $500 k on a lieutenant governor race, all without success.
- Shares of SpaceX and Tesla fell 3.9% and 3.3% after the election, amid concerns of increased scrutiny by a Democratic‑controlled Congress.
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