9 Hrs
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عربي21
Trump-Musk ties hit Tesla
Elon Musk’s fortune has fallen below $200 billion after Tesla and SpaceX shed a combined $456 billion in market value. SpaceX shares fell about 9% and Tesla’s 11%, while Musk lost nearly $90 billion in a week. The midterm election results and Democratic gains have fueled investor concerns about tighter scrutiny and investigations into the companies, particularly in Texas, where they are expanding investments in data centers, computing and chips. Concerns have also grown after Musk’s donations to Republican candidates exceeded $470 million, amid regulatory scrutiny of Starlink services and plans to merge the two companies.
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