The Financial Times said the U.S. midterm elections had cost Elon Musk more than $60 billion, with the figure still rising, according to a BlockBeats report.
Reported market impact
BlockBeats also cited earlier reports of declines in several Trump-linked assets: Trump Media & Technology Group fell more than 11%, Tesla fell 4.76%, Nvidia fell 1.2%, WLFI fell 1.96% and TRUMP fell 11.14%.
The $60 billion estimate is attributed to the Financial Times, and the market moves are attributed to BlockBeats’ earlier reports. The item does not include a direct Financial Times link or independently verify the figures.
Source: BlockBeats English report, published Nov. 4, 2026.