Tesla and SpaceX Shares Drop Early After Democrats Win Congress

Shares of Tesla fell 5.6% and SpaceX 7.6% early on November 4, 2026, after Democrats won both the U.S. House and Senate, per MarketWatch. The two companies are exploring a merger, meaning joining into one company, but neither has announced a deal. Investors are reacting to a possible deal, not a confirmed one. Early prices can change.