WASHINGTON, Nov 6 (Bernama-Sputnik/RIA Novosti) -- SpaceX and Tesla, the flagship companies of US billionaire Elon Musk, have jointly lost over US$420 billion since the November 3 midterm elections, reported Sputnik/RIA Novosti quoting a CNBC report.
Musk's Companies Lose US$420 Bln Since Midterm Elections - Reports
spacex, tesla, midterm elections
Key takeaways
Elon Musk's companies lost $420 billion since the November 3 midterm elections, due to tech share sell-offs and increased scrutiny.
- SpaceX and Tesla lost over $420 billion since the midterm elections.
- Investors are concerned about increased scrutiny of Musk's companies.
- Musk's wealth dropped from $1 trillion to under $800 billion.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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