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World

Elon Musk’s nearly half a billion dollars in midterms spending was a flop

Elon Musk’s nearly half a billion dollars in midterms spending was a flop

Feed excerpt — reported by The Guardian

The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidatesElon Musk set a record for election spending this year after pouring nearly half a billion dollars into backing Republicans in the US midterm elections. It turned out to be a poor investment.The SpaceX and Tesla CEO contributed at least $446m to Republican-aligned Super Pacs and groups over the course of the elections, specifically targeting several key Senate races in an effort to help the Trump administration retain Republican control of Congress. He outdid his own 2024 spending of nearly $290m. Yet as Democrats swept…

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This article was syndicated from The Guardian. All rights remain with the original publisher.