The ‘Musk selloff’ deepens as Tesla and SpaceX combine for $456 billion two-day wipeout

MarketWatch · William Gavin · 2026-11-05 19:29 UTC

Investors worry a divided Washington could derail ‘Elon, Inc.’

Investors worry a divided Washington could derail ‘Elon, Inc.’

Call it the “Musk selloff.”

Shares of Tesla TSLA and SpaceX SPCX were down 11% and 9%, respectively, when the market closed on Thursday, underscoring both broader concerns in the technology sector and worries about their business opportunities going forward in the aftermath of the 2026 U.S. midterm elections.

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