US Stocks Movement | Democratic Party Sweeps Congress, Tesla and SpaceX Face Double Negative News, Stock Prices Both Fall

Zhihu Finance APP reports that on Wednesday, Tesla (TSLA.US) fell over 4% in pre-market trading, while SpaceX (SPCX.US) dropped over 6% before the market opened. According to the news, the Democratic Party achieved a sweeping victory in the US midterm elections, and Elon Musk’s substantial donation of $445 million supporting the Republican Party ended in failure. Market concerns surrounding the Democratic Party's control of Congress focus on two main points: first, the Democrats are inclined to impose stricter regulations on AI, which will affect the related businesses that Tesla and SpaceX are vigorously advancing; second, resistance at the congressional level could slow down or even hinder the potential merger process between the two companies.