Elon Musk's $200M Texas Senate Bet Backfired, Could Have Kept GOP Majority: Economist
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Economist Justin Wolfers calculates that Elon Musk's $200 million investment in the Texas Senate race could have been more effectively spread across other close races, potentially keeping the Senate in Republican hands. Musk's backing of Texas Attorney General Ken Paxton resulted in a 12-point loss to Democrat James Talarico. Wolfers estimates that around $130 million distributed strategically could have secured the GOP's Senate majority.
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