Democrats' win spells trouble for Elon Musk's business empire

Democrats' landslide midterm victory has left Elon Musk, the GOP's biggest donor who spent nearly $450 million, facing potential regulatory and congressional scrutiny that could threaten his business empire. Musk's massive donations failed to prevent Democratic gains, and party leaders now plan to target AI development and call Musk before Congress over his DOGE role. His SpaceX and Tesla shares fell Wednesday, with Democrats expected to scrutinize government contracts and safety concerns. Musk's AI data centers, a key revenue driver, face uncertain regulation after Texas' Democratic governor-elect criticized powerful interests. A potential Tesla-SpaceX merger could also trigger antitrust challenges under a future Democratic Justice Department.