Lost 79 billion dollars in one day

Elon Musk, the richest person in the world, lost $79.4 billion in wealth due to the sales wave in the US stock markets. According to Forbes' Real Time Billionaires list, Musk's wealth dropped by 9.13 percent to $789.5 billion in just one day.

Tesla and SpaceX's losses in value were decisive in the decline in Musk's wealth. Tesla shares decreased by 10.77 percent and SpaceX shares decreased by 9.05 percent.

POLITICAL CHANGE IN THE USA ACCELERATED SALES

The change in political balances following the US midterm elections was effective in the decline in stocks. The Democrats' success in the elections has strengthened expectations that big technology companies may face tighter controls over artificial intelligence investments and data center projects.

Tesla and SpaceX have significant operations in Texas. The Democrats' victory in the governorship and senate races in the state brought possible regulations regarding the activities of Musk's companies to the agenda.

Goldman Sachs assessed that the Democrats' electoral success could lead to short-term restrictions that could affect approximately 45 percent of the planned data center capacity increase in the United States.

119 BILLION DOLLAR TERAFAB PROJECT IS ALSO AT RISK

It is stated that the election results also create uncertainty in terms of future investments of Musk's companies.

The cost of the Terafab chip production complex, a partnership between Tesla and SpaceX, which Musk announced in October, is expected to rise up to $119 billion. It is considered that the project planned to be established in Texas may face stricter scrutiny due to new political balances.

On the other hand, the possible merger of Tesla and SpaceX is also on the agenda. Analysts point out that the changing political environment may complicate the regulatory approval process for the merger of the two companies.

HE SUPPORTED REPUBLICANS IN THE MID-END ELECTION

Musk's political support for Republicans, who previously supported Donald Trump in the Presidential election, also attracted attention in the 2026 midterm elections. Musk spent at least $458 million supporting Republican candidates and conservative political groups during the midterm elections, according to Federal Election Commission records. Of this amount, $216 million was transferred to his political action committee, America PAC, and $168 million was transferred to the Senate Leadership Fund, which supports Republican Senate candidates.

Musk used approximately $230 million to support Republican candidate Ken Paxton, especially in the Senate race in Texas. However, while Democratic candidate James Talarico won the race, 6 of the 7 Republican Senate candidates supported by Musk lost the election. Only 3 of the 43 Republican candidates he supported in the House of Representatives races were able to win.