Tesla fell more than 5% and SpaceX slipped about 7% in early trading after a Democratic sweep in the midterms, with the Texas result seen as a particular blow to Musk, whose companies are based there. Investors worry about tighter AI regulation and added uncertainty over a potential merger of the two companies. The discussion notes both firms are spending billions on product development for goals still years away, such as robotaxis, robots and Martian colonies. McDonald's also climbed after higher profit and revenue last quarter, as solid international results offset US sluggishness: traffic fell but check amounts rose, helped by its new dirty soda. Uber edged up despite being down about 8% year-to-date, as revenue growth slowed but still slightly beat expectations, while its biggest segment, ride-hailing, fell 2% on higher gas prices and driver competition in India and Brazil.
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TSLAmidterm electionsElon MuskSpaceX
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/03/2026 | 398.22 |
| Change that session | -1.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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