Elon Musk lost nearly $500 million on a failed attempt to buy favorable outcomes in the 2026 midterm election. Now, Tesla and SpaceX have shed nearly $500 billion in combined market value as the companies find themselves among the hardest hit in a post-election selloff of tech stocks. Tesla, which was in the red yesterday before the broader market downturn, has now fallen more than 14% over the last two days, wiping out nearly $220 billion off the company’