American billionaire Elon Musk loses $34 billion as Tesla, SpaceX fall after midterms

Billionaires Africa | 05.11.2026 07:59
American billionaire Elon Musk lost about $34 billion on Wednesday as shares of Tesla Inc. and SpaceX fell for a full session after Democrats won control of both chambers of Congress, a day after he urged his followers on X to "Vote red today!"