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WSJ What’s News

Tesla Shares Drop on $25 Billion AI Spending Plan

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 23 April 2026

⏱️ 13 minutes

🧾️ Download transcript

Summary

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

Transcript

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0:00.0

I think the potential of Agenic is to rethink how work gets done overall.

0:05.0

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

0:11.3

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

0:17.9

Join him later to learn why agents are a game changer for businesses across industries.

0:26.8

The Senate funds ICE and Border Patrol, pushing past Democratic calls to reform how

0:32.6

immigration enforcement is carried out. Plus, another shakeup of the Pentagon's top brass, and the NIMBY

0:39.2

movement finds its next target. Americans are hiding lots of stuff in self-storage facilities,

0:45.6

but now we have to hide the self-storage facilities. It's Thursday, April 23rd. I'm Luke Vargas for

0:50.6

the Wall Street Journal, and here is the AM edition of What's News, the top

0:54.8

headlines and business stories moving your world today.

1:01.0

We begin in Washington, where senators pulling an all-nighter have pushed forward a budget

1:06.0

plan to fund DHS in spite of Democratic opposition and calls for restrictions on enforcement operations.

1:13.2

The bill, which passed by a 50 to 48 margin, will hand ICE and border patrol an additional

1:18.5

$70 billion and see them funded through the end of Trump's term. The bill now heads to the House.

1:25.5

Defense Secretary Pete Hegseth has fired Navy Secretary John Phelan

1:30.4

in the latest shakeup at the Pentagon after Hegseth's dismissal of nearly two dozen military

1:35.4

officers and amid an ongoing feud with the Secretary of the Army. Phelan didn't immediately

1:41.1

respond to a request for comment. Joining me with more is journal Washington coverage chief, Damian Palletta.

1:47.7

Damian, we report that Pentagon officials told congressional aides that Hegset had fired

1:52.1

Phelan because he felt he wasn't moving quickly enough on President Trump's shipbuilding priorities.

1:58.8

That priority will now fall on current Navy Undersecretary,

2:02.0

Hongkow, who's being elevated to secretary. What do we need to know about all this?

...

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