Elon Musk’s $500 million bet on Republicans backfires as Democrats take Congress and Texas
As Republicans suffered a landslide defeat and Texas elected its first Democratic governor in more than three decades, one of the biggest losers of the US midterms was not on the ballot: billionaire Elon Musk.
The world’s richest man spent nearly half a billion dollars to back Republican candidates and keep Texas red – a state home to his automaker Tesla, rocket-to-AI company SpaceX and a planned chipmaking venture between the two.
