Wednesday, November 11, 2026
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US Midterm Elections: Big Investment Fails, Elon Musk Loses $445 Million

Dr. Asim RazaEditor International & Diplomatic Affairs • Islamabad / Lahore Bureau
US Midterm Elections: Big Investment Fails, Elon Musk Loses $445 Million

📌 Key Highlights & Quick Takeaways:

  • Billionaire entrepreneur Elon Musk suffered a financial loss of more than $445 million after the success of the Democratic candidates in the.
  • According to the British Broadcasting Corporation, the Republican Party received a total of $2.4 billion from 40 major donors for the electi.
  • Elon Musk invested nearly $200 million in Republican Attorney General Ken Paxton's campaign in Texas, but was defeated by Democratic candida.

Billionaire entrepreneur Elon Musk suffered a financial loss of more than $445 million after the success of the Democratic candidates in the US mid-term elections.

According to the British Broadcasting Corporation, the Republican Party received a total of $2.4 billion from 40 major donors for the election campaign, including about $445 million from Elon Musk.

Elon Musk invested nearly $200 million in Republican Attorney General Ken Paxton's campaign in Texas, but was defeated by Democratic candidate James Tellarico, marking Elon Musk's largest single midterm campaign investment.

Democratic candidate Gina Hinojosa was also successful in the election of the governor of Texas, while the Senate seats in 6 other states including Iowa, Kansas, North Carolina, Ohio, South Carolina and Maine were won by the Democrats from the Republican Party.

Reacting to the election results, Elon Musk has sarcastically said that it seems that even my space laser technology did not work to influence the elections this time.

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Dr. Asim Raza

News Desk

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