Musk’s $474 Million Political Bet Fails
Part of composite article Democrats Flip 7 Senate Seats, Elect First Muslim Senator and First Texas Democrat in Decades View full article →
Elon Musk spent nearly half a billion dollars on political groups, mostly supporting Republicans. On Tuesday, that bet failed.
Democrats won control of the US Congress in the midterm elections. The result creates a new political landscape for the world’s richest man.
Musk gave a record-breaking US$474 million to political causes. Now, a divided Washington is likely to examine his business empire more closely.