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Elon Musk has deleted several election posts from X after Democrats made sweeping gains in this week’s midterms and shares in Tesla and SpaceX dropped.
Tesla fell 3.3% and SpaceX slid 3.8% after Democrats won the Senate, House and governorship races, including in Texas, where Musk is based, Futurism reported. Bloomberg said the early losses wiped more than $120 billion off the value of the two companies. The Financial Times estimates Musk is now about $30 billion poorer, since much of his fortune comes from stakes in both.
The setback follows heavy spending. Musk put about $447 million behind Republican candidates, and Wired reported that almost all of it was wasted.
On Tuesday morning he urged his followers on X to “Vote red today!” That post has since been removed, along with a pinned post from last week asking them to back Republican senators. Forbes reported that the pinned post came down around the time Democrat James Talarico declared victory in the Senate race.
Musk did make a joke at his own expense. “Data centers in space looking pretty appealing right now,” he wrote late Tuesday night. Otherwise, he appears keen to move on. His feed has returned to promoting Grok and his companies, with one exception: a post claiming “Voter ID failed in California.”
Reuters reported that his business empire is bracing for the effects of the Democratic wave after Texas flipped blue.
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