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Attempting to reconnectSpaceX stock is falling after Elon Musk's heavy political spending failed to stop a Democratic sweep. A tougher Congress could complicate both a Tesla merger and the company's AI push.
Tesla and SpaceX were down while the rest of the market was up.
The Dow surged more than 1,500 points Wednesday after Democrats win in both houses of Congress. Shares of Tesla and SpaceX dropped.
The Tesla stock rally may reflect SpaceX merger speculation, not fundamentals. Click for this TSLA update and see how to play its potential combination with SPCX.
Many megacap growth stocks are underperforming the major indexes this year.
Texas Instruments supplies many chips for Tesla's humanoid robots.
Elon Musk was the largest individual donor in the midterm elections.
These are the stocks posting the largest moves in the premarket.
A merger between these two companies is widely expected, but it isn't guaranteed to happen, and even if it does, it could take longer than anticipated.
Today reads warmer than 2 of the last 28 scored days. Click a bar to read that day's stories.