Tesla, SpaceX shares fall amid Democratic control of Congress

Tesla and SpaceX shares have experienced significant declines following recent political developments in the United States. Tesla’s shares have fallen by 10%, while SpaceX has seen a 7.5% drop. This downturn coincides with the Democratic Party gaining control of Congress after the midterm elections, which appears to have raised investor concerns about increased scrutiny on Elon Musk’s federal-contracting interests and potential complications for a merger between the two companies. Tesla’s shares have been under pressure throughout 2026, with this latest drop contributing to a 14% decline for the year. Markets will be closely monitoring any official announcements from Tesla or SpaceX regarding merger plans. Developments in regulatory policies or additional political shifts could further influence market perceptions.

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