Elon Musk lost in the US midterm elections and on the stock market

In depth

Elon Musk invested at least $474 million in supporting Republicans in the US midterm elections. According to Maariv, the Democrats won the elections, and Tesla and SpaceX shares plunged in early trading.

According to Channel 14, the turnaround in Texas endangers Musk's server farms and vehicle plants, and threatens congressional investigations into federal contracts. Technology giants are suffering share price declines following growing opposition to building AI infrastructure.

According to Kikar HaShabbat, Musk responded to the results with sarcastic humor and posted a jab about his "space lasers" online.