Voters delivered a stunning rebuke of Republicans and everything they stand for Tuesday night, taking control of both the House and the Senate in a wave of wins that just kept coming. Democrats kept winning, again and again, wave after wave. A bluekkake, if you will. And while that's great news for the stock market, the Middle East, healthcare, trans kids' safety, and so many other hugely important issues, voters also rejected Elon Musk and his billionaire meddling . We won't be able to get rid of him overnight, but at least Musk's dreams of a Tesla-SpaceX-Twitter-xAI merger are probably dead.
๐ The Core Development
If you remember, Musk has long been reported to want his companies all under one roof to complete Tesla's tranformation into an AI/robotics company (or stop making cars without crashing the stock price). xAI already merged with Twitter and stuck Musk's antisemitism-spewing, CSAM-generating chatbot in Teslas , then merged with Spacex ahead of its IPO . As previously reported, Musk had then ordered Tesla to look at spinning off its China business to help his main division merge with SpaceX more easily. Musk also floated the possibility with investors, and one of the Trump administration's lasting legacies will be its love of corporate mergers, so it sounded plausible.
With Democrats winning control of both the House and the Senate, likely finishing with 258 Representatives and 55 (or 56!) Senators, the left doesn't just have power, it has a mandate from the voters to put a stop to everything the Trump administration is doing. Raskin will chair the House Judiciary Committee, Garcia will chair the House Oversight Committee, and both have promised investigations into any criminal activity that's taken place. That's not exactly fertile ground for a major corporate merger, especially after Musk attempted to inflame a race riot in Ireland, campaigned for Germany's Nazi-adjacent AfD party, and blew hundreds of millions of dollars trying to elect Republicans.
๐ Background & Sector Context
Yes, our friends over at the Tesla Takedown kept a running thread going last night, highlighting every race Musk lost and how much money he wasted. Nearly two dozen races, all won by Dems, even though a Republican billionaire tried to buy their elections. Per Vanity Fair , Musk dumped an eye-watering $474 million into this election, and he still got kicked in the nards. He could have given $50,000 to 9,400 people and still wasted less of his money.
Democrats who haven't been bought off by the crypto and AI lobbies have been sounding the alarm in recent months about the dangers of any one person having as much power as Elon does. The man has the power to slow down Ukraine's military's internet , and the prospect of combining SpaceXAI with the most valuable car company in the world makes a lot of regulators nervous. Expect it to be a fight with the centrists in the party, but Dems are more likely to try to weaken Musk's power, not hand him a win.
๐ Industry & Real-World Impact
Because our election system is weird, Republicans won't lose power until January and could theoretically rush the merger through. But even the Motley Fool โ a website that published " Prediction: SpaceX Stock Will Go Parabolic After Nov. 6 " the day both Tesla and SpaceX shares plunged โ doesn't think that's likely. In an article foolishly calling the merger "inevitable ," the MFers timeline is still "within the next 12 months" not "before January." They also admit many factors, including antitrust enforcement could be a problem for the merger.
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๐ฎ Strategic Outlook & What Lies Ahead
With Dems winning a huge mandate to govern, Republican politicians should be less willing to stick their necks out for that eternally sticky loser, too, so calling it "inevitable" is certainly a take. More importantly, Republicans have a much more important activity on their agenda than facilitating this merger. With Trump humiliated and unable to run for a third term anyway, Republicans are leaderless. When they move from depression to anger, they're going to start pointing fingers. Infighting and power struggles are inevitable unless Republicans just give up completely.
With Tucker Carlson and Marjorie Taylor-Greene-whatever waiting in the wings, the far-right giving up isn't likely either. So expect Republicans to be distracted, Democrats to feel emboldened, Jeffries and Schumer to remain spineless cowards, and Elon Musk to struggle getting any attempt at a Tesla-SpaceX merger off the ground. That's probably something Elon's sad about, but for the rest of us, it can only be good news any time Elon's dreams go up in smoke.
