{
  "id": 18369926,
  "title": "SpaceX and Tesla Stock Plunges Have Wiped About $450 Billion in Value Since the Midterms. Is It Time to Buy?",
  "url": "https://urgent.news/2026/11/05/spacex-and-tesla-stock-plunges-have-wiped-about-450-billion-in-value",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T20:43:35.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/05/spacex-and-tesla-stock-plunges-have-wiped-about-usd450-billion-in-value-since-the-midterms-is-it-time-to-buy/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Elon Musk's companies, SpaceX and Tesla, have suffered a significant drop in stock value since the midterm elections, losing approximately $450 billion in market value over two trading days. Tesla's stock fell from $398.50 on Election Day to $342 by Thursday afternoon, while SpaceX's price dropped from $141.31 to $125, both declines representing losses of around $225 billion and $227 billion respectively. This has left SpaceX trading below its IPO price from June and raised concerns about the impact of the new Democratic-controlled Congress on the companies. Senators like Ted Cruz have suggested Democrats may use subpoenas to investigate Musk. Political tension aside, SpaceX is still profitable with recent operating income of $2.79 billion and net income of $4.4 billion. However, Wall Street is actively trading in the $40 billion AI chip deal SpaceX signed with Apollo Global Management, which could further impact investor sentiment. Both Tesla and SpaceX are heavily dependent on government regulations, which have become less favorable in Washington under the new administration. Despite the political risk, the companies remain valuable with SpaceX valued at around $1.7 trillion. For investors, the recommendation is to consider starting a position slowly in these volatile tech stocks, potentially buying in small pieces over several weeks while keeping it a small part of the portfolio.",
  "summary": "Elon Musk's two public companies have lost about $450 billion in market value in just two trading days. Here's what's behind the selloff, and whether either stock is worth buying now.",
  "key_points": [
    "SpaceX and Tesla stocks lost $450 billion in value since midterms.",
    "Tesla's stock fell from $398.50 to $342, SpaceX's from $141.31 to $125.",
    "SpaceX remains profitable with $2.79 billion operating income."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}