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Elections Updated November 4, 4:00 pm

Update, November 4. Updated November 4, 4:00 pm Central with new reporting: 4 separate outlets now report this.

Elon Musk's millions backing Republicans lost in Texas midterm races

Elon Musk spent millions backing Republican candidates in Texas midterm races, but most candidates he supported lost. Democrat James Talarico won the Texas Senate race over Republican Ken Paxton, the first Democrat to win the seat since 1988.

Where
Texas
When
Nov. 3, 2026
Sources
Reported by 4 outlets

Taxes and money

The sources don't state an effect on taxes. They do state these figures.

  • Campaign spendingaround $180 million1 Who pays or receives it: Elon Musk
  • Direct donation to Gov. Abbott campaign$5 million1 Who pays or receives it: Elon Musk
  • Donation to PAC supporting Paxton's Senate campaign$10 million1 Who pays or receives it: Elon Musk
  • PAC contribution to Paxton campaign$47 million2 3 Who pays or receives it: Elon Musk's political action committee
  • Contribution to Senate Leadership Fund$158 million2 3 Who pays or receives it: Elon Musk
  • Total backing for Republican candidates and groupsmore than $445 million5 Who pays or receives it: Elon Musk
  • Spending on Texas Senate racemore than $200 million5 Who pays or receives it: Elon Musk

Does this affect you?

Who's involved

  • Elon Muskbillionaire donor to Republican campaigns
  • James TalaricoDemocrat elected to Texas Senate
  • Ken PaxtonRepublican candidate for Texas Senate
  • Gina HinojosaGovernor-elect, Democrat
  • Greg AbbottGovernor, lost race to Democrat
  • Brandon Rottinghauspolitical science professor at University of Houston

The facts

  • Musk donated $5 million directly to Gov. Abbott's campaign in September.1
  • Musk contributed $10 million to a PAC supporting Paxton's Senate campaign.1
  • Both Abbott and Paxton lost their respective races to Democrats.1
  • Cameron County went for Talarico over Paxton by nearly 40 points.1
  • Texas Senate seat turned Democrat for first time since 1988.2 3 Stated by 2 sources
  • SpaceX stocks fell 5% as of Wednesday afternoon.1
  • Musk's Tesla and SpaceX stocks were down 4.9% and 3.4% respectively.2 3 Stated by 2 sources

Who said what

These are statements and claims made by the people involved. They are reported, not verified.

  • Gina Hinojosa Texas belongs to us, not to billionaires or corrupt politicians.1
  • Brandon Rottinghaus Musk's presence magnified concerns about billionaires' influence and hurt Republicans.1
  • James Talarico All the money in the world is no match for the people of Texas.2 3
  • James Talarico A trillionaire should not be able to buy a personal US Senator.2 3
  • Rep. James Walkinshaw Musk must answer under oath for DOGE actions and claimed savings.5

Where the sources disagree

  • Total amount Musk spent on Texas races around $180 million per [1]; more than $200 million per [5]

How they headlined it

The same event, as each outlet put it. Marked words appear in only one outlet's headline.

  • Elon Musk's millions fail to deliver Texas for the Republicans in fierce midterms

    BBC

  • Elon Musk's Texas empire could face scrutiny after Democrats' sweeping win

    Houston Chronicle

  • Elon Musk poured millions into Texas Republican campaigns that lost. What’s next for his Texas dream?

    Houston Public Media

  • Elon Musk will face scrutiny from Democrats in Washington and Texas after midterms

    NPR

Sources

Outlets: 5 not rated Who's covering Texas →

These outlets were found through Google News headlines. Google decides which outlets appear there, and they lean mostly one way, so this sheet can only be as balanced as the reporting it was built from. Leanings are AllSides Media Bias Ratings.

  1. Elon Musk poured millions into Texas Republican campaigns that lost. What’s next for his Texas dream? Houston Public Media Not rated, November 4, 2026
  2. Elon Musk's millions fail to deliver Texas for the Republicans in fierce midterms BBC Not rated, November 4, 2026
  3. Elon Musk's millions fail to deliver Texas for the Republicans in fierce midterms BBC Not rated, November 4, 2026
  4. Elon Musk's Texas empire could face scrutiny after Democrats' sweeping win Houston Chronicle Not rated, November 4, 2026
  5. Elon Musk will face scrutiny from Democrats in Washington and Texas after midterms NPR Not rated, November 4, 2026

This sheet was written by AI from the sources above and adds nothing they don't state. Read the originals for full context.

Spot an error on this sheet?

All corrections and updates

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