Tesla Inc. (NASDAQ:TSLA) shares are trending on Friday.
70 in after-hours trading on Thursday. 50, according to Benzinga Pro data.
On Thursday, Tesla shares experienced an elevated trading session. 12 million.
S. midterm elections could slow data center build-outs.
Texas Democratic Wins Shake Investors Democrats won the Texas races for Senate, governor and attorney general on Tuesday. Tesla and Space Exploration Technologies Corp.
(NASDAQ:SPCX) are both headquartered in the state. Elon Musk had spent heavily to back Republicans.
He reportedly planned to spend up to $200 million in the Texas Senate race. The money was for voter turnout through America PAC.
The selloff also reflects concerns about tougher scrutiny of Musk’s businesses. 05% on Thursday.
Musk’s companies were on track to lose more than $380 billion in market capitalization this week, according to Reuters. Data Center Moratoria The report also stated that Goldman Sachs (NYSE:GS) analysts estimated Democratic wins at the state and local level could lead to short-term data center moratoria.
S. capacity expansion.
Governor-elect Gina Hinojosa, who defeated Republican Gov. Greg Abbott, has vowed a data center moratorium.
9 billion over the past week. 38.
81. 62% over the past 12 months.
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