Elon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms

What the coverage shows

Most outlets frame the story around Musk’s record-setting midterms spending and the fact that it did not produce Republican wins. BBC News, The Guardian US, Reuters and CNN all emphasize the size of the spending and the poor return, while Wired broadens the angle to Big Tech and a wider “blue wave.” Newsweek is the only outlet here to focus on Musk’s Texas neighbors, and CNBC is the only one to tie the midterms to Tesla and SpaceX market value.

Written by Crossfiled from the 5 headlines and extracts below, not from the articles themselves. It describes how the outlets framed this, not what happened. Open any headline for a summary of that article.