Texas Democratic victory puts Musk’s business interests under scrutiny

After Democrats won statewide power in Texas and control of both chambers of Congress, coverage examines potential political and regulatory challenges for Elon Musk’s companies. The detailed report focuses on data-center approvals, scrutiny of government ties and the companies’ reported share declines.

• The detailed report says Musk spent nearly $450 million backing Republican candidates, but Democrats won both chambers of Congress and Gina Hinojosa defeated Greg Abbott in Texas’s governor’s race. (9643e2fe-b09d-4ff2-bdd4-09982c19bf2c)· 1 source
• Hinojosa has called for halting new data-center projects until stronger community protections are in place and for ending tax breaks; the report says analysts expect tighter Democratic scrutiny of such projects. (9643e2fe-b09d-4ff2-bdd4-09982c19bf2c)· 1 source
• The report says Democrats have raised questions about Musk’s companies’ government contracts and subsidies, satellite communications used by Ukraine’s military, and federal job cuts under his watch at DOGE. (9643e2fe-b09d-4ff2-bdd4-09982c19bf2c)· 1 source
• SpaceX shares fell 5.5% and Tesla shares fell 5.1%, according to the detailed report; a Los Angeles Times snippet says Musk reportedly spent close to $450 million backing Republicans and that his companies could face challenging times. (9643e2fe-b09d-4ff2-bdd4-09982c19bf2c· 2 sources