News
Public · Published
The Musk Midterms Trade: SPCX Flat, TSLA Drops 5% but DOGE Plunges 7%
From the Nov. 3 close through Nov. 9, SpaceX gained 0.50%, Tesla fell 5%, and Dogecoin dropped 7%. On Nov. 5, SpaceX and Tesla lost roughly $456 billion combined; SpaceX later recovered its losses, while Tesla remained below its pre-election level and Dogecoin did not turn upward.
Published:
Updated:
What happened
From the Nov. 3 close through Nov. 9, SpaceX gained 0.50%, Tesla fell 5%, and Dogecoin dropped 7%. On Nov. 5, SpaceX and Tesla lost roughly $456 billion combined; SpaceX later recovered its losses, while Tesla remained below its pre-election level and Dogecoin did not turn upward.
Confirmed
Global impact / market context
The divergence suggests investors weighed company-specific earnings and expansion risks rather than treating Musk-linked assets alike. SpaceX’s reported results beat analyst expectations, potentially supporting its recovery; concern that political changes could slow planned AI data center construction may still affect future spending and growth.
Analyst inference
The article links the Nov. 5 selloff to fears that a Democratic Congress could slow AI data center construction and a rumored merger. It also says analysts viewed expansion plans, rather than existing operations, as the main political concern for Tesla and SpaceX.
Confirmed
What to watch
- Whether later reporting shows political decisions slowing Tesla or SpaceX expansion plans, especially AI data center construction, could clarify the risk to future investment and growth. Analyst inference
- SpaceX’s next reported revenue and earnings compared with analyst expectations may indicate whether strong operating results continue to offset concerns about political risk. Analyst inference
- Watch whether Tesla’s share price recovers its pre-election level and whether Dogecoin reverses its decline; the article reports both remained weaker through Nov. 9. Analyst inference
Evidence
- Original source link unavailable