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Tesla, SpaceX stocks dip
Tesla shares fell about 5% and SpaceX shares 6.9% before trading opened on Wednesday, after Democrats swept the U.S. midterm elections and took control of Congress. The victory heightened investor concerns about tighter regulation of artificial intelligence and a potential merger between the two companies stalling. Tesla had risen 34% since late July amid optimism about its AI products and the possibility of a merger. The merger remains at an exploratory stage, while both companies are spending billions of dollars to develop their products.
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