Elon Musk Pours $366 Million Into Key Elections

Elon Musk is spending huge sums of money on politics. He wants to shape how the government treats his biggest companies. His cash goes toward races that decide who controls the United States Senate.

Records show Musk put $366 million into campaign groups. The Senate holds immense power over federal spending and company rules. Lawmakers in power can launch investigations or approve massive government contracts.

Both Tesla and SpaceX rely on friendly leaders in Washington. SpaceX wins billions of dollars in space deals from the government. Tesla needs clear rules for clean energy and self-driving cars.

Everyday investors need to watch these races. Political shifts can quickly move the stock price of Tesla. A win for Musk could mean fewer rules and faster growth for his firms.

Source: CNBC