US Stock Market Move | Musk may face Democratic "settling of scores" afterward; Tesla and SpaceX shares both plunge sharply.

On Thursday, Tesla, Inc. (TSLA.US) and SpaceX (SPCX.US) fell more than 8%. Analysts believe that Tesla, Inc. is advancing its autonomous driving, Robotaxi, and humanoid Siasun Robot&Automation businesses, while SpaceX continues to expand investment in the Starlink network, commercial spaceflight, and AI computing infrastructure. These businesses have long-term growth potential, but they also require sustained capital investment, and actual development depends on technological progress, project approvals, and the pace of commercialization. Therefore, the market is focused not only on the two companies' current revenue and profit, but also on whether future growth can be delivered. When investors begin to worry about changes in the regulatory environment, slower project progress, or increased capital expenditures, the companies' valuations may come under pressure in advance. Multiple Democratic lawmakers have said in advance that they are preparing to use congressional oversight powers to launch a series of investigations, focusing on: DOGE (Department of Government Efficiency)-related controversies: examining the procedural compliance of Musk's leading DOGE during Trump's term in large-scale federal employee layoffs and budget cuts, and whether there was overreach or improper use of administrative power, according to Huxiu. The Starlink incident: investigating Musk's unilateral restriction of Ukrainian military access to Starlink during the Russia-Ukraine conflict. The core question raised by Democratic lawmakers: should decision-making power over defense communications infrastructure procured with large sums by the federal government not rest with private business owners, posing national security risks, according to Caixin. Review of federal contracts and subsidies: comprehensively reviewing large orders between NASA, the Pentagon, and SpaceX, as well as the new energy subsidies and tax credits obtained by Tesla, Inc., and examining contract terms, qualifications, and risks of benefit transfer, according to Huxiu. Political donations and election-related conduct on Platform X (formerly Twitter): examining the compliance boundaries of huge political funds and issues of content traffic manipulation by Platform X during election cycles.