U.S. Stocks on the Move | Democrats Sweep Congress, Tesla and SpaceX Face Double Blow as Both Stocks Fall

Zhitong Finance APP has learned that on Wednesday, Tesla (TSLA.US) fell more than 4% in premarket trading, and SpaceX (SPCX.US) fell more than 6% in premarket trading. On the news front, Democrats won a landslide victory in the U.S. midterm elections, and Musk's massive $445 million donation in support of Republicans was declared a failure. The market's concerns about Democrats sweeping Congress are concentrated on two main fronts: first, Democrats tend to impose stricter regulation on AI, which will affect the related businesses that Tesla and SpaceX are pushing forward with full effort; second, resistance at the congressional level may slow down or even hinder the potential merger process between the two companies.