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Musk Faces Market Losses at Tesla, SpaceX Amid Political Backlash

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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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