Most of Elon Musk's Midterm Spending Went to Races He Lost

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Elon Musk provided nearly all of the funding for the Republican midterm effort, according to the report. Of every traceable dollar he spent on races that have already been decided, more than 99 cents went to candidates who lost. The analysis highlights how little of his money translated into electoral wins. The article frames the outcome as a significant failure of his political investment. Its figures are based on traceable spending on contests that have concluded.

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