$Tesla(TSLA.US) -4.8% to $379, $SpaceX(SPCX.US) -5.7% pre-mkt to $133Wall Street Journal 11/4/2026As James Talarico, the…
$Tesla(TSLA.US) -4.8% to $379, $SpaceX(SPCX.US) -5.7% pre-mkt to $133
Wall Street Journal 11/4/2026As James Talarico, the Democratic candidate for Texas’s Senate seat, made his closing pitch to voters, he had one man in mind—Elon Musk. The billionaire had poured more than $160 million into the race to oppose him.Talarico used the spending as a rallying cry to his base, framing the race as one between voters and big money. “It’s David versus Goliath,” he said to supporters at a closing rally.Musk—the billionaire and Republican megadonor whose business empire is anchored in Texas—funded a flurry of ads bashing Talarico and supporting Texas Attorney General Ken Paxton, the GOP’s nominee for Senate. In all, Republicans outspent Democrats on ads by roughly two to one.But Texas delivered a solid rebuke to Republicans, with voters ousting Gov. Greg Abbott in favor of Democratic challenger Gina Hinojosa and propelling Talarico to a stunning victory.Hinojosa’s victory is a huge upset for the state’s Republican party, who have held the governorship for more than 30 years. Hinojosa’s win is also a blow to the AI industry. Texas welcomed data center companies who were unable to get permits in other states. Its status as a data center hub may now be over.The copyright of this article belongs to the original author/organization.
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