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Tesla shares fell 11% and SpaceX 9% on 5 November, wiping roughly US$460bn from their combined market value, The Straits Times reports.
Why it mattersThe report links the falls to investor worries that election results could bring more resistance to Elon Musk’s business plans, including data-centre expansion. It also notes wider losses across AI and technology stocks. Those are reported market reactions, not proof that any specific policy change caused the declines.
Discuss: Should investors treat political resistance to data centres as a lasting risk to AI businesses, or mostly as short-term market nerves?
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