What the Democratic landslide means for GOP booster Elon Musk and his businesses

Los Angeles Times · Laurence Darmiento, Nilesh Christopher, Caroline Petrow-Cohen · 2026-11-05 11:00 UTC

Elon Musk reportedly spent close to $450 million backing Republican candidates. His companies could have challenging times ahead.

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The historic landslide victory for Democrats in the midterm elections deeply bruised the Republican Party and President Trump, but there’s one man who may have been hurt equally as bad: Elon Musk, the world’s richest person and the party’s biggest donor.

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