Tesla drops 11% as Musk's political spending fails to sway election

Tesla shares fell 11.29% and SpaceX 1.54% in the week following Republican losses in the US election, with Musk having allocated nearly $450 million to Republican campaigns. The market reaction suggests investors are pricing in potential policy headwinds or reduced political influence for Musk, though the exact causal link between the election outcome and stock declines remains uncertain.

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