Tesla Shares Drop on $25 Billion AI Spending Plan

About this episode

Tesla shares drop amid concerns over a $25 billion AI spending plan, while the Pentagon sees leadership changes and budget plans are approved.

A.M. Edition for April 23. Tesla shares have slipped off-hours despite surprising Wall Street with better revenues - and rising car sales. WSJ’s Becky Peterson says investors are worried about the price tag for Elon Musk’s AI plans, including the new Optimus robot. Plus, Defense Secretary Pete Hegseth has fired Navy Secretary John Phelan in the latest shakeup at the Pentagon. And Senators approve a budget plan to fund DHS, which will hand ICE and Border Control an additional $70 billion, despite Democratic opposition. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Luke Vargas

Topics covered

• Tesla
• AI spending
• stock market
• Pentagon shakeup
• budget plan
• DHS funding

Keywords

• Tesla
• AI
• Elon Musk
• Pentagon
• budget
• DHS
• stock market
• Optimus robot

Mentioned in this episode

Organizations: Tesla, Pentagon, DHS, ICE, Border Control

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