Tesla and SpaceX shares fall on investor concern over Elon Musk’s political exposure

After Democrats won Congress and the Texas governor’s race, Tesla and SpaceX shares fell against a broader market rally. Tesla dropped 4.89% to $379 premarket, while SpaceX fell 5.67% to $133.30, below its June listing price. Investors fear regulatory probes and possible limits on Texas data centers tied to Musk’s AI plans.