To provide an electric motor enabling easy and high-precision balance correction, and a machine toll including this electric motor. An electric motor (1) includes: a cylindrical stator (2); a rotor (3) having a rotary shaft part (31) inserted inside of the stator (2); a housing (4) installed to both ends in an axial direction of the stator (2); an opening (51a) provided in at least one outer peripheral lateral face of the housing (4), and disposed to be separated from an internal space (S) of the stator and a ventilation passage (9) formed in the stator (2); and a balance correction component (6, 61) that is installed to the rotary shaft part (31), and corrects balance of the rotor (3), in which the balance correction component (61) is exposed to outside from the opening (51a); and a machine tool (10) includes this electric motor (1).