Elon Musk's $440 million bet fails as Democrats win US midterms

france24.com —

The 2026 US midterm elections resulted in a resounding Democratic victory, marking a significant failure for Elon Musk's record-breaking $440 million investment in supporting Republican candidates. The elections were the most expensive on record, with nearly $12 billion spent, and Musk was the largest individual donor ever, injecting his personal funds into the GOP campaign. Tuesday's outcome demonstrated the limits of financial influence in politics, as the Democratic win overshadowed the unprecedented spending by the tech tycoon.


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