Musk's US$474 Million Political Bet Falls Flat as Democrats Retake Congress, Focus Turns to Tesla and SpaceX Prospects

Musk spent a record US$474 million in political donations, overwhelmingly backing Republicans, but failed to get his way as Democrats retook control of the US Congress in the midterm elections. He now faces a divided Washington intent on scrutinising his business empire, with the prospects for Tesla, SpaceX and their China ties drawing close attention.