Gas and oil prices are dropping and Republican leaders are suddenly admitting the Iran war and high living costs cost them the midterms, a bad sign for Trump's agenda and for Musk's companies.

• Gas and oil prices fell sharply right after Democrats won big in the midterms, including in Texas.
• JD Vance said the war was the main reason Republicans lost, and his own data showed voters angry about the war, the cost of living, and ties to Israel.
• Musk spent heavily on the election and still lost most of his races; he's now joking about moving Tesla and SpaceX off-planet as both companies come under pressure.
• Trump posted a message insisting he's "still your president," seen as a sign he's being treated as a lame duck.
• Even allies like Fox News commentators are now admitting the war and economy, not culture issues, drove the loss, while trying to frame the defeat as normal for a midterm.

Outlook: Expect Republicans to publicly distance themselves from the war and refocus on cost-of-living issues ahead of 2028, while Musk's companies stay under investor pressure.