Democrats flip House and Senate in 2026 midterms as Musk's $474 million bet fails
A sweeping Democratic wave recaptured both chambers of Congress, prompting Republican recriminations and a costly loss for Elon Musk's record political spending.
Read at The Hollywood Reporter →Full coverage · 15 outlets
- The Hollywood Reporter · lead
- The VergeNot even $200 million could help Elon Musk buy Texas
- USA TodayHow Democrat wins in Texas could impact Elon Musk, Tesla and SpaceX
- Fast CompanyElon Musk spent nearly $500 million on the midterms. It bought him almost nothing
- CNBCMidterm elections 2026 live updates: Vance blames Iran war for Republican losses
- The New York TimesSpaceX and Tesla Stocks Tumble After Elon Musk-Backed Candidates Lose in Texas
- ReutersElon Musk's business empire braces for Democratic wave as Texas flips blue
- Vanity FairElon Musk Spent $474 Million on the 2026 Midterm Elections. On Election Day, He Fell Silent.
- POLITICO.euElon Musk suffers major blow in US midterms
- Yahoo FinanceUpdate: Musk's Political Gamble Fails as Democrats Sweep Congress, Flip Texas
- Rolling StoneThe Midterms’ Biggest Loser Is Elon Musk
- Time MagazineVance Blames Iran War for GOP’s Midterm Losses
- WIONUS Midterms 2026: Elon Musk spent a record sum backing Republicans. Democrats still won House, Senate and Texas and he's in danger
- El CronistaWorst investment ever | Elon Musk spent $474 million to keep Congress Republican. Here are all the races he lost - including Texas
- New York PostElon Musk suffers midterm blow as SpaceX, Tesla plummet: ‘My election-interfering space lasers didn’t work’