Musk Faces Setback as SpaceX and Tesla Stocks Tumble on Midterm Election Results
Published . Updated .
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The world’s richest person has antagonized Democrats, some of whom have signaled their intent to investigate him when they take control of Congress.
Directly affected
- SPCX Space Exploration Technologies-12.0% 19d
Named in this report.
- TSLA Tesla+4.7% 30d
Named in this report.
Indirectly affected
- DIA SPDR Dow Jones Industrial Average ETF+0.1% 30d
SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR holds the industrials sector that Space Exploration Technologies belongs to, so it often moves with news about it.
- LMT Lockheed Martin+21.8% 30d
Lockheed Martin is a peer of Space Exploration Technologies in guided missiles and space vehicles and parts; rivals often move on the same news.
- RKLB Rocket Lab-22.5% 30d
Rocket Lab is a peer of Space Exploration Technologies in guided missiles and space vehicles and parts; rivals often move on the same news.
- KTOS Kratos Defense & Security Solutions-13.2% 30d
Kratos Defense & Security Solutions is a peer of Space Exploration Technologies in guided missiles and space vehicles and parts; rivals often move on the same news.
- MDA MDA Space+1.4% 14d
MDA Space is a peer of Space Exploration Technologies in guided missiles and space vehicles and parts; rivals often move on the same news.
- FLY Firefly Aerospace-22.3% 30d
Firefly Aerospace is a peer of Space Exploration Technologies in guided missiles and space vehicles and parts; rivals often move on the same news.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SPCX | +2.74% | -4.71% | base | after close | after close | after close | after close |
| TSLA | +1.54% | +0.40% | base | after close | after close | after close | after close |
| DIA | +1.47% | -0.00% | base | after close | after close | after close | after close |
| QQQ | +5.88% | +0.76% | base | after close | after close | after close | after close |
| XLI | -1.66% | -2.29% | base | after close | after close | after close | after close |
| LMT | -1.51% | -0.41% | base | after close | after close | after close | after close |
| RKLB | +7.59% | +0.49% | base | after close | after close | after close | after close |
| KTOS | +0.48% | +0.24% | base | after close | after close | after close | after close |
| MDA | +7.28% | -0.37% | base | after close | after close | after close | after close |
| FLY | +16.77% | +5.38% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
The world’s richest person has antagonized Democrats, some of whom have signaled their intent to investigate him when they take control of Congress.
Source: The New York Times
This story
| Company | When | Move | Status |
|---|---|---|---|
| DIA | three days earlier | -0.00% | final price |
| DIA | five days earlier | +1.47% | final price |
| FLY | three days earlier | +5.38% | final price |
| FLY | five days earlier | +16.77% | final price |
| KTOS | three days earlier | +0.24% | final price |
| KTOS | five days earlier | +0.48% | final price |
| LMT | three days earlier | -0.41% | final price |
| LMT | five days earlier | -1.51% | final price |
| MDA | three days earlier | -0.37% | final price |
| MDA | five days earlier | +7.28% | final price |
| QQQ | three days earlier | +0.76% | final price |
| QQQ | five days earlier | +5.88% | final price |
| RKLB | three days earlier | +0.49% | final price |
| RKLB | five days earlier | +7.59% | final price |
| SPCX | three days earlier | -4.71% | final price |
| SPCX | five days earlier | +2.74% | final price |
| TSLA | three days earlier | +0.40% | final price |
| TSLA | five days earlier | +1.54% | final price |
| XLI | three days earlier | -2.29% | final price |
| XLI | five days earlier | -1.66% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 24 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 12 Aug 2026. That is 84 days before publication. Filed 9 Sep 2026. View the filing.
- Rep. Pete Sessions sold Tesla (TSLA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 17 Sep 2026. That is 48 days before publication. Filed 13 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Rocket Lab (RKLB), worth $15,001 - $50,000 on 28 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Rocket Lab (RKLB), worth $1,001 - $15,000 on 10 Aug 2026. That is 86 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Musk Faces Setback as SpaceX and Tesla Stocks Tumble on Midterm Election Results” scores 12 out of 100. The score uses 1 sources.