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Musk issues clarification as Tesla & SpaceX stocks fall over Democrat action fears

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Elon Musk recently clarified that Tesla has no government contracts and SpaceX’s government revenue is declining. Following the Democrats' mid-term election victory, shares of both companies experienced significant declines. Investors are concerned about potential increased scrutiny on Musk's businesses by the new government. Musk confidently stated that he is willing to cancel any unwanted government contracts.

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Musk issues clarification as Tesla & SpaceX stocks fall over Democrat action fears
TOI TECH DESK · 11/9/2026, 2:55:13 AM
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