Market Chatter: Tesla, SpaceX Shares Fall After Democrats' Midterm Gains

04:36 AM EST, 11/04/2026 (MT Newswires) -- Tesla (TSLA) and SpaceX (SPCX) shares fell about 1.8% in after-hours trading Tuesday as early US mid-term results pointed to strong Democratic gains, raising concerns about increased regulatory scrutiny and a potential merger between the companies, Bloomberg reported Wednesday. The projected Democratic gains raised concerns about tighter scrutiny of Elon Musk's businesses and the potential Tesla-SpaceX merger, according to Bloomberg. While Congress cannot block a deal on its own, a stronger Democratic presence could slow the process, First New York's Vikram Rai told Bloomberg. Musk has reportedly pushed to announce a deal by H1 2027, while President Donald Trump remains in office, Bloomberg said. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)