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Elon Musk’s record election bet backfired. The backlash may reach beyond one billionaire

CNBC reported on Wed Nov 4, 4:54 AM CT, unconfirmed by other outlets so far: Elon Musk’s record election bet backfired.

What happened

The backlash may reach beyond one billionaire.

Source summary (excerpt): “Elon Musk's $474 million election gamble falters as Democrats threaten his Texas empire.”

Sourcing: single source, treat as unconfirmed until corroborated.

Reported from CNBC. Site-only brief: it was not posted on X.

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