Musk Faces Market Losses at Tesla, SpaceX Amid Political Backlash

Elon Musk, the world's richest person, is closely tied to President Donald Trump and the Republican party. The original report describes a sharp decline, with Tesla and SpaceX losing about $130 billion in a single day. The article links these losses to a political backlash against Musk, often described as a Democratic wave. The source material provided is limited, so further details on timing, specific causes, and market mechanics cannot be confirmed from it.
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