Tesla and SpaceX lose $460 billion in market value
Since the election results were announced, the combined market value of Tesla and SpaceX has fallen by approximately $460 billion.
Tesla shares fell another 11% on Thursday, following a 3.3% decline the previous day. Since the beginning of the year, the company's shares have lost approximately 24% of their value. Elon Musk's SpaceX shares also dropped 9% on Thursday, after falling 3.8% the previous day.
Since the election results were announced, the combined market capitalization of Tesla and SpaceX has fallen by approximately $460 billion. According to analysts, concerns about investments in the technology sector and data center construction are influencing investors' decisions to sell.
The Democrats' success in the Texas elections has also attracted attention. Gina Hinojosa defeated Republican Governor Greg Abbott and was elected to lead the state. During her campaign, Hinojosa called for a temporary moratorium on data center construction. She also raised concerns about Musk's political donations to Abbott and the tax incentives granted to his companies under Abbott's administration.
These developments have also affected Elon Musk's wealth. According to the Bloomberg Billionaires Index, Musk's net worth has fallen by $71 billion to $793 billion. Despite this decline, he remains the world's richest person.