Tesla and SpaceX shares fell 11% and 8%, respectively, on Thursday, fueling what investors are calling the “Musk selloff.” The two companies have therefore combined for a $450 billion loss in market value over two days. Concerns include the broader technology sector and the outlook for their business opportunities following the 2026 U.S. midterm elections. Investors also fear that a divided Washington could hinder the combined commercial project commonly referred to as “Elon, Inc.”
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