Technology
Was Elon Musk the US midterms' biggest loser? – Stateside with Kai and Carter
Source: The Guardian · Published
The tech industry spent big on the midterms, but it turned out to be a poor investment. Elon Musk poured a staggering $446m dollars into Republican-aligned political action committees (Pacs) and groups since last year, but his efforts didn’t pay off. Democrats won every one of the five Senate races where Musk’s America Pac spent the most money backing Republican candidates. Carter Sherman and Kai…
Key points
- The tech industry spent big on the midterms, but it turned out to be a poor investment.
- Elon Musk poured a staggering $446m dollars into Republican-aligned political action committees (Pacs) and groups since last year, but his efforts didn’t pay off.
- Democrats won every one of the five Senate races where Musk’s America Pac spent the most money backing Republican candidates.
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