Musk's business empire braces for Democratic wave as Texas flips blue

Summary

Republicans suffered a landslide defeat in the US midterm elections, and Texas elected its first Democratic governor in more than three decades. Billionaire Elon Musk, who was not on the ballot, was described as one of the biggest losers of the midterms, and his business empire is bracing for the Democratic wave. CNBC reported that his $474 million election gamble had faltered as Democrats threatened his Texas empire. Hindustan Times reported that Musk had urged his followers on X to vote Republican as recently as Tuesday, and now faces a resurgent Democratic Party he has spent years antagonizing.

Timeline

1. The Straits Times

   4 Nov 2026, 12:12 UTCSource ↗

   The Straits Times reports that Republicans suffered a landslide defeat and Texas elected its first Democratic governor in more than three decades, and that Elon Musk, not on the ballot, was one of the biggest losers of the US midterms.

2. CNBC

   4 Nov 2026, 15:29 UTCSource ↗

   CNBC reports that Elon Musk's $474 million election gamble falters as Democrats threaten his Texas empire, with the backlash possibly reaching beyond one billionaire.

3. Hindustan Times

   4 Nov 2026, 16:57 UTCSource ↗

   Hindustan Times reports that Musk, who urged his followers on X to vote Republican as recently as Tuesday, now faces a resurgent Democratic Party that he has spent years antagonizing.

4. Investing.com

   5 Nov 2026, 00:00 UTCSource ↗

   Investing.com reports that Elon Musk's business empire is bracing for a Democratic wave as Texas flips blue.