Markets rise, but SpaceX and Tesla stocks fall, after Dems take back the House and Senate. Heres why

After a rough ride last week, major tech stocks are edging higher on the morning after the election, with a few notable exceptions. Theres no two ways about it: Yesterdays midterm election results were nothing short of a massive victory for the Democrats (a blue tsunami, indeed). The Democrats will now control both chambers of Congress by a wide margin, radically altering the balance of power in Washington.