Elon Musk's $445 Million Gamble on Republicans Backfires Amid Midterm Losses

Elon Musk gambled $445 million to boost Republicans in midterms and came up short

11/05/2026

Nobody may have suffered bigger losses Tuesday than President Donald Trump. But few others had more on the line than Musk, who gambled big and came up holding the midterm's worst return on...

Los Angeles Times

Elon Musk spent $445 million to help Republicans. Their losses put his businesses in the crosshairs

11/05/2026

Elon Musk spent at least $445 million to try to help Republicans keep control of Congress.

Los Angeles Times

What the Democratic landslide means for GOP booster Elon Musk and his businesses

11/05/2026

Elon Musk reportedly spent close to $450 million backing Republican candidates. His companies could have challenging times ahead.

Fast Company

Elon Musk spent nearly $500 million on the midterms. It bought him almost nothing

11/04/2026

Musk bet nearly $500 million on GOP candidates, but most of them—including those in the races that mattered most—lost big Tuesday night.

The Hill

Musk jokes about GOP losses after spending big in midterms

11/04/2026

Tech mogul Elon Musk joked about the GOP's steep losses early Wednesday, after spending more than $442 million boosting Republicans in the midterm elections. Democrats swept control of both...

Investor's Business Daily

Tesla, SpaceX Dive As Elon Musk's Big GOP Election Bet Fails

11/04/2026

Elon Musk was the largest individual donor in the midterm elections.

The Washington Post

Musk threw his fortune at the midterms. Voters handed him a stunning defeat.

11/04/2026

He deployed his wealth to elect Republicans. Their defeats raise questions about the limits of Musk’s political influence.

Elon Musk's $474 Million Gamble in Midterms Backfires as Democrats Prevail

The Guardian

Elon Musk’s nearly half a billion dollars in midterms spending was a flop

11/05/2026

The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidatesElon Musk set a record for election spending this year after pouring nearly half a...

The Guardian

Was Elon Musk the US midterms' biggest loser? – Stateside with Kai and Carter

11/05/2026

The tech industry spent big on the midterms, but it turned out to be a poor investment. Elon Musk poured a staggering $446m dollars into Republican-aligned political action committees (Pacs) and...

Tech Startups

Elon Musk spends $474 million elections but loses big as Democrats sweep midterms and voters reject AI data centers

11/04/2026

Elon Musk spent at least $474 million trying to influence the 2026 midterm elections. By Wednesday morning, November 4, much of that money had gone into losing races, as Democrats swept into...