The ‘Musk selloff’ deepens as Tesla and SpaceX combine for $450 billion two-day wipeout
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Investors worry a divided Washington could derail “Elon, Inc.”
Directly affected
- TSLA Tesla+1.9% 30d
Named in this report.
- SPCX Space Exploration Technologies-15.4% 30d
Named in this report.
Indirectly affected
- 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+13.5% 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-28.9% 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-13.3% 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-2.9% 13d
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.
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR holds the consumer sector that Tesla belongs to, so it often moves with news about it.
- GM General Motors+12.4% 30d
General Motors is a peer of Tesla in motor vehicles and passenger car bodies; 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 |
|---|---|---|---|---|---|---|---|
| TSLA | +4.71% | +4.86% | base | -11.41% | after close | after close | after close |
| SPCX | +5.86% | +0.35% | base | -7.81% | after close | after close | after close |
| XLI | +0.40% | +0.18% | base | -4.16% | after close | after close | after close |
| LMT | +8.23% | +8.15% | base | -2.66% | after close | after close | after close |
| RKLB | +12.97% | -0.51% | base | -12.40% | after close | after close | after close |
| KTOS | +21.27% | +11.95% | base | -8.61% | after close | after close | after close |
| MDA | +11.04% | -0.06% | base | +1.96% | after close | after close | after close |
| FLY | +15.74% | -5.27% | base | -13.35% | after close | after close | after close |
| XLY | -5.00% | -3.39% | base | -4.17% | after close | after close | after close |
| GM | -7.27% | -2.69% | base | -3.68% | 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.
Investors worry a divided Washington could derail “Elon, Inc.”
Source: MarketWatch
This story
| Company | When | Move | Status |
|---|---|---|---|
| FLY | that day | -13.35% | still updating |
| FLY | three days earlier | -5.27% | final price |
| FLY | five days earlier | +15.74% | final price |
| GM | that day | -3.68% | still updating |
| GM | three days earlier | -2.69% | final price |
| GM | five days earlier | -7.27% | final price |
| KTOS | that day | -8.61% | still updating |
| KTOS | three days earlier | +11.95% | final price |
| KTOS | five days earlier | +21.27% | final price |
| LMT | that day | -2.66% | still updating |
| LMT | three days earlier | +8.15% | final price |
| LMT | five days earlier | +8.23% | final price |
| MDA | that day | +1.96% | still updating |
| MDA | three days earlier | -0.06% | final price |
| MDA | five days earlier | +11.04% | final price |
| RKLB | that day | -12.40% | still updating |
| RKLB | three days earlier | -0.51% | final price |
| RKLB | five days earlier | +12.97% | final price |
| SPCX | that day | -7.81% | still updating |
| SPCX | three days earlier | +0.35% | final price |
| SPCX | five days earlier | +5.86% | final price |
| TSLA | that day | -11.41% | still updating |
| TSLA | three days earlier | +4.86% | final price |
| TSLA | five days earlier | +4.71% | final price |
| XLI | that day | -4.16% | still updating |
| XLI | three days earlier | +0.18% | final price |
| XLI | five days earlier | +0.40% | final price |
| XLY | that day | -4.17% | still updating |
| XLY | three days earlier | -3.39% | final price |
| XLY | five days earlier | -5.00% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Tesla (TSLA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 34 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 41 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 55 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Space Exploration Technologies (SPCX), worth $1,001 - $15,000 on 24 Sep 2026. That is 42 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 85 days before publication. Filed 9 Sep 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 43 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 43 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 49 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 69 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 87 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Motors (GM), worth $1,001 - $15,000 on 24 Aug 2026. That is 73 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 100Price not final
“The ‘Musk selloff’ deepens as Tesla and SpaceX combine for $450 billion two-day wipeout” scores 12 out of 100. The score uses 1 sources. The price is not final yet.