Elon Musk is $474 million poorer post-election, but it may not have deterred his influence on 2028
“It’s not just about who wins,” one political spending expert said. “It's about setting the agenda and what types of issues we talk about.”
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Musk-backed Republicans lose ground in Texas midterms
Texas flipped to the Democrats in the 2026 midterms, according to ABC News (Australia), while CBS News reported that James Talarico won a Texas Senate race and said the result sent a message to Elon Musk. BBC News reported that a Musk political action committee gave $47 million to Ken Paxton’s campaign. Reports put Musk’s overall election spending at different totals: WKBW cited $474 million, while Winnipeg Free Press reported $445 million; the sources do not explain the discrepancy.
- House Republican invites Elon Musk to move Tesla HQ to Florida after Texas turns bluecltampa.com · 20:04 UTC, 13 November 2026
- East Texas Republicans credit midterm win to a focus on policiestexastribune.org · 17:00 UTC, 12 November 2026
- 'Threaten To Punish Success': Elon Musk Urged To Relocate Tesla HQ Following Texas ElectionsInternational Business Times UK · 14:29 UTC, 12 November 2026
- Cruz Launches 'Saving Texas' Initiative After Republican Midterm LossesThe Epoch Times · 00:36 UTC, 11 November 2026
- John Oliver reacts to the midterms, roasts Elon MuskMashable · 13:29 UTC, 9 November 2026
- 'Saturday Night Live' Roasts Elon Musk Over Midterm ElectionsBusiness Insider · 16:47 UTC, 8 November 2026
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