Elon Musk Lost Far More Than $474 Million | Diving In

Elon Musk’s $474 million in midterm spending looks enormous—until you compare it with what he had riding on the result. On Diving In, Justin Wolfers estimates that Musk’s Tesla and SpaceX holdings lost roughly $70 billion relative to their expected market performance. He flags the uncertainty, especially around SpaceX, and distinguishes the election-night surprise from the much larger financial stakes across different congressional outcomes.

Subscribe:

on YouTube 👉 https://youtube.com/platypuseconomics

on Substack 👉 https://newsletter.platypuseconomics.com

the Podcast 👉 https://platypuseconomics.com/podcast

Follow on Social Media @PlatypusEconomics and @JustinWolfers