Elon Musk's multi‑hundred‑million‑dollar midterm spending fails to help Republicans win Texas
Corroborated by 6 sources from 6 publishers
TL;DR
Musk poured roughly $400‑$500 million into the 2022 midterm races, but Republicans lost in Texas and he emerged hundreds of millions poorer.
Sources
1
BBC News
https://www.bbc.co.uk/news/articles/cv8ez3p3ge5ko?at_campaign=rss&at_medium=RSS
2
CNBC 10000113
https://www.cnbc.com/2026/11/04/elon-musk-midterms-ai-data-centers.html
3
The Verge (Tech)
https://www.theverge.com/policy/1026329/elon-musk-paxton-talarico-texas-election-funding
4
Dow Jones U.S. Business
https://www.wsj.com/politics/elections/elon-musk-midterms-texas-blue-wave-bff60456?mod=pls_whats_news_us_business_f
5
Engadget
https://www.engadget.com/2306698/elon-musk-spent-nearly-500-million-on-the-midterms-and-lost-bigtime
6
Fortune
https://fortune.com/2026/11/04/elon-musk-election-spending-2026-2028-republican-influence-doge-spacex-tesla
7
The Verge (Tech)
https://www.theverge.com/ai-artificial-intelligence/1026878/not-even-good-at-being-rich