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WSJ Tech News Briefing

Elon Musk Had a Big Year in 2024. 2025 Could Be Bigger.

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 24 December 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

We’re hearing from our reporters and columnists about some of the biggest companies, trends and people in tech and what could be in store for 2025. Elon Musk, the world’s richest man, has put himself firmly in the center of U.S. politics, thanks to his close association with President-elect Donald Trump. WSJ columnist Tim Higgins joins us to talk about what his approach to co-leading the new Department of Government Efficiency could be, and what challenges lie ahead in 2025. James Rundle hosts. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:05.5

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0:11.4

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0:26.7

Welcome to Tech News Briefing. It's Tuesday, December the 24th. I'm James Rundle for the Wall Street Journal.

0:34.6

We're hearing from our reporters and columnists about some of the biggest companies, trends and people in tech, and what could be in store for 2025.

0:39.3

Elon Musk has been everywhere this year, in business and in politics.

0:45.4

The world's richest man now has a new gig in 2025, in President-elect Donald Trump's administration,

0:51.3

as co-lead of the newly created Department of Government Efficiency. Musk has said he thinks he can slash two trillion dollars out of the federal budget, but how will

0:54.9

he accomplish this task? And what will happen to his companies while he's tackling the bureaucracy

0:59.2

of the Beltway? Our columnist Tim Higgins joins us to discuss. Tim, a big year for Elon Musk, a man who

1:09.0

can't seem to keep out of the headlines for personal,

1:11.2

professional or political reasons. What was some of the key developments around him that you

1:15.8

were following this year? Yeah, even until the last days of the year, he's been getting headlines

1:20.8

as he inserts himself into Congress's efforts to pass a legislation that would extend government spending into the new year,

1:31.3

showing just how involved in politics and how involved he seems like he's going to be

1:37.0

when it comes to his new role, his co-chair of Doge, the Department of Government Efficiency,

1:46.6

one of the prizes he won by helping Donald Trump win a second term. It has been a year of politics for Elon Musk, not somebody

1:53.6

who we would have seen as being very political if we were talking, say, three or four years

1:59.2

ago. We've seen this kind of evolution occur in real

2:03.2

time. And of course, on X, his social media platform, where he's become increasingly more political,

2:11.2

taking on more conservative points of view, or at least what some people might see as conservative.

2:17.0

Musk would say that he has

...

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