Why Tesla Fell 11% After the Midterms (Nov 5, 2026)
Tesla fell about 11% on Thu, Nov 5, 2026, after a 3.3% drop on Wednesday, losing more than $160B in market value on Thursday alone.
· 147 views · YouTube video: Tesla Fell 11% After the Midterms
Watch on YouTube · Subscribe to @PROOFOFDATA
Quick overview
- Tesla fell about 11% on November 5, 2026, after a 3.3% drop the day before.
- Investors fear Democratic midterm wins will make it harder for Elon Musk to expand his business empire.
- Musk reportedly spent nearly half a billion dollars backing Republicans. SpaceX stock fell about 10% too.
- −11% Tesla drop on Nov 5, 2026
- −$160B Market value lost in one day
- −10% SpaceX stock the same day
What happened
Tesla fell about 11% on Thursday, November 5, 2026. That came on top of a 3.3% drop on Wednesday. Thursday alone cost more than $160 billion in market value.
Why it matters
Bloomberg reported that investors fear Democratic midterm wins will stymie Elon Musk's efforts to expand his business empire. CNN reported Musk spent nearly half a billion dollars backing Republicans, mostly in Texas, where Tesla and SpaceX are based.
Watch the 30-second short to see how the midterms hit Tesla and SpaceX.
FAQ
Why did Tesla stock fall after the 2026 midterms?
Investors fear Democratic wins will make it harder for Elon Musk to expand his businesses. Tesla fell about 11% on November 5, 2026.
Watch on YouTube · Subscribe to @PROOFOFDATA
Topics: tesla, tesla stock, tsla, elon musk, spacex stock, midterm elections, stock market today, proof of data