Musk Deletes Pro-Republican Posts After $458M Election Spending, $280B Net Worth Drop

Elon Musk deleted social media posts supporting Republicans after the party's defeat in the US midterm elections, following his estimated $458 million spending on their campaigns. His net worth reportedly dropped by approximately $280 billion after the loss. Musk had spent at least $458 million (about ₹4,400 crore) supporting Republican candidates, with major contributions to the Texas Senate race, the Senate Leadership Fund, and key House contests in New York, New Jersey, and Iowa. He shared few direct comments on election day but posted analyses of results on Wednesday. University of Essex professor Natasha Lindstedt attributed the Republican defeat to rising fuel prices from the Iran war, Trump's tariffs affecting farmers and businesses, ICE raids, the Epstein files issue, and Trump's refusal to acknowledge mistakes or apologize.