SpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas
Published . Updated .
Key takeaways
- The world’s richest person has antagonized Democrats, some of whom have signaled their intent to investigate him when they take control of Congress.
- Exposed: DIA, QQQ, IWM, RSP, VTI
- Market reaction: DIA +2.5% on the day (still updating); QQQ +1.2% on the day (still updating); RSP +1.1% on the day (still updating)
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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 | -0.99% | after close | after close | after close |
| TSLA | +1.54% | +0.40% | base | -2.93% | after close | after close | after close |
| DIA | +1.47% | -0.00% | base | +2.47% | after close | after close | after close |
| QQQ | +5.88% | +0.76% | base | +1.20% | after close | after close | after close |
| XLI | -1.66% | -2.29% | base | -1.56% | after close | after close | after close |
| LMT | -1.51% | -0.41% | base | -4.43% | after close | after close | after close |
| RKLB | +7.59% | +0.49% | base | -0.28% | after close | after close | after close |
| KTOS | +0.48% | +0.24% | base | -4.73% | after close | after close | after close |
| MDA | +7.28% | -0.37% | base | -1.90% | after close | after close | after close |
| FLY | +16.77% | +5.38% | base | +2.03% | 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
Price since this story was published: Spdr Dow Jones Industrial Average Etf Trust (DIA)
| Company | When | Move | Status |
|---|---|---|---|
| Spdr Dow Jones Industrial Average Etf Trust (DIA) | that day | +2.47% | still updating |
| Spdr Dow Jones Industrial Average Etf Trust (DIA) | three days earlier | -0.00% | final price |
| Spdr Dow Jones Industrial Average Etf Trust (DIA) | five days earlier | +1.47% | final price |
| FLY | that day | +2.03% | still updating |
| FLY | three days earlier | +5.38% | final price |
| FLY | five days earlier | +16.77% | final price |
| KTOS | that day | -4.73% | still updating |
| KTOS | three days earlier | +0.24% | final price |
| KTOS | five days earlier | +0.48% | final price |
| LMT | that day | -4.43% | still updating |
| LMT | three days earlier | -0.41% | final price |
| LMT | five days earlier | -1.51% | final price |
| MDA | that day | -1.90% | still updating |
| MDA | three days earlier | -0.37% | final price |
| MDA | five days earlier | +7.28% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | +1.20% | still updating |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | +0.76% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +5.88% | final price |
| RKLB | that day | -0.28% | still updating |
| RKLB | three days earlier | +0.49% | final price |
| RKLB | five days earlier | +7.59% | final price |
| SPCX | that day | -0.99% | still updating |
| SPCX | three days earlier | -4.71% | final price |
| SPCX | five days earlier | +2.74% | final price |
| TSLA | that day | -2.93% | still updating |
| TSLA | three days earlier | +0.40% | final price |
| TSLA | five days earlier | +1.54% | final price |
| XLI | that day | -1.56% | still updating |
| 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).
Who gains and who loses around Spdr Dow Jones Industrial Average Etf Trust (DIA)
Companies carried with this story
- DIA Spdr Dow Jones Industrial Average Etf Trust
For “SpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas,” Spdr Dow Jones Industrial Average Etf Trust (DIA) is linked, with no stored direction, medium confidence. Reason on file: 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 Trust, Series 1
Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “SpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas.” Reason on file: Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story
- IWM Ishares Tr
In “SpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas,” Ishares Tr (IWM) is linked, with no stored direction, medium confidence. Reason on file: iShares Russell 2000 ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story
- RSP Invesco Exchange Traded Fd T
In “SpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas,” Invesco Exchange Traded Fd T (RSP) is linked, with no stored direction, medium confidence. Reason on file: Invesco S&P 500 Equal Weight ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story
- VTI Vanguard Index Fds
Vanguard Index Fds (VTI) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “SpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas.” Reason on file: Vanguard Total Stock Market ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story
Spdr Dow Jones Industrial Average Etf Trust (DIA)
On 4 Nov 2026, “SpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas” is the story that connects Spdr Dow Jones Industrial Average Etf Trust (DIA) to this story.
What ties Spdr Dow Jones Industrial Average Etf Trust (DIA) to the headline is this: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story
A second company, Invesco Qqq Trust, Series 1 (QQQ), is listed for a different reason: Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story
Price levels for Spdr Dow Jones Industrial Average Etf Trust (DIA)
DIA traded between 504.92 and 522.62 across 18 sessions. The latest close on file is 515.65. IWM traded between 269.88 and 285.25 across 20 sessions. The latest close on file is 279.20. QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32.
How strong the case is around Spdr Dow Jones Industrial Average Etf Trust (DIA)
40 out of 100Price not final
“SpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.