'Election-interfering space lasers didn't work': Musk jokes as Tesla, SpaceX shares slip
CNBC-TV18 1 hr ago·4 Nov 2026, 7:01 am
Elon Musk jokingly claimed that space lasers used to interfere with elections did not work, following the Democratic Party's victory in the 2026 US Midterm elections. This remark was made on his social media platform X, and it coincided with a decline in the share prices of Tesla and SpaceX. The market reacted negatively to the political shift, which is viewed as a setback for the pro-business policies associated with Musk's political allies.
For investors, this news highlights the growing link between corporate performance and political outcomes. A shift in government control often leads to changes in regulatory environments, which can impact industries ranging from technology to energy. Investors should monitor how the new administration plans to handle technology regulation and subsidies, as these factors will likely influence the long-term growth prospects of major tech companies.
Moving forward, market participants will watch for policy announcements and any direct communication from Musk regarding the administration's stance on innovation and space exploration. The stock performance of Tesla and SpaceX may remain volatile as investors adjust their portfolios to reflect the new political landscape.
Excerpt from CNBC-TV18
Published On Nov 4, 2026 | 12:31 IST Last Updated On Nov 4, 2026 | 12:31 IST Following a Democratic Blue Wave in the US Midterm 2026 elections, Elon Musk reacted on X with sarcasm, while shares of Tesla Inc. and SpaceX declined in trading. Elon Musk has reacted to the massive 'Blue Wave' that has swept into the US…Read the original at CNBC-TV18
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
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