India, Nov. 4 -- The share price of the American technology company SpaceX and Tesla fell after the US midterm elections due to the Democrats taking control of both the houses of Congress. There are fears of tighter regulation of AI technology and increased oversight of government contracts. Additionally, there could be some complications in the plan to merge the two companies due to the results of the election.

Shares of SpaceX and Tesla fell by around 1.8% each on Tuesday, November 3, after the stock market hours ended. Shares of Tesla fell 1.75% to $391.53, while those of SpaceX fell 1.75% to $138.84.

The pressure on shares continued in overnight trading on Wednesday, November 4. Shares of Tesla were at $381.76, representing a fall o...