Tesla is trading at $388.65, down 3.28%, amid election-related concerns about potential regulatory scrutiny of Elon Musk’s companies. - Reuters reported Tesla fell 3.6% in premarket trading after Democrats took control of Congress and Texas elected a Democratic governor, a political setback for Musk, who backed Republican candidates. - Investors also fear complications for a proposed Tesla–SpaceX merger; major indexes are sharply higher while Tesla falls, and no separate new Tesla announcement was identified as a catalyst.