Elon Musk Deletes Pro-Republican Posts After Spending Rs 4,400 Crore On Midterms
One of the deleted posts was a pinned message from October 29, in which Musk had asked Americans to vote for Republican senators.
Elon Musk spent $447 million on Republican candidates during the midterm elections, but this investment proved futile as Democrats won key races across the country. SpaceX and Tesla, Musk's primary business interests, suffered significant losses, with shares dropping 3.3% and 3.8% respectively, resulting in a $120 billion decline in combined value.
Consequently, Musk's personal wealth suffered a $30 billion hit, according to Bloomberg. In an attempt to salvage his reputation, Musk attempted to delete his election-related posts on X, but failed to address the electoral outcomes effectively. Musk's attempts at humor, such as joking about space-based data centers, were his primary response to the political setbacks.
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