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The wind whips embers while firefighters battle the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. 

Ringo Chiu | Reuters

For almost two years, Viktor Makarskyy has been working on an app that serves as a digital survival kit to help people in disaster zones, which are getting more numerous seemingly by the day given the pace of climate change.

He never imagined his work and personal life would collide in such a profound way.

On Wednesday night, Makarskyy was flying home to Los Angeles from an anniversary trip with his wife in the Cascade Mountains, in the Pacific Northwest. An evacuation order for the Sunset Fire had already been issued extending to just a few blocks from their apartment.

Makarskyy was terrified that the fire would reach their home before they could rescue their cat and collect critical belongings.

“It’s one thing to see pictures online,” Makarskyy told CNBC in an interview Friday, “it’s another thing to see it out the plane window and to have this multisensory experience of your cabin smelling like smoke as you land. It was like entering a war zone.”

Makarskyy is the head of technology at GOES, a startup founded in 2021 with a focus on providing critical health advice and services, mostly in remote areas. Aid workers and intrepid travelers can download the GOES Health app and get quick localized tips on how to deal with bug and animal bites, altitude illnesses, rashes and a host of other challenges.

Hikers can gauge hypothermia risk, and backpackers can plan out how to prepare for a heat wave or look up how to temporarily set a broken bone. All content is written or approved by wilderness medicine doctors, and everything can be accessed offline other than real-time weather and the app’s wildlife risk index.

Increasingly, GOES, which stands for Global Outdoor Emergency Support, is becoming relevant in a much more widespread way, as people in urban environments have to deal with sudden disaster due to hurricanes, tornadoes and catastrophic fires. Since Jan. 6, a day before the LA fires broke out, GOES has seen about an 800% spike in usage in the area, and over the past two weeks the number of new users in California has tripled, the company said.

As of Monday, the massive blazes across LA had killed at least 24 people, obliterated whole neighborhoods and burned thousands of homes and structures. No cause has been identified for the largest fires.

The GOES team with CEO Camilo Barcenas.

Courtesy: GOES

Makarskyy said he uses GOES to check air quality, national alerts, wildfire preparedness guides and more. Back at home, he said, he was surprised to see that although one of the most widely used weather apps showed the air quality around Los Angeles International Airport to be “moderate,” when he viewed a hyperlocal, more precise air quality measurement using GOES, it showed the air quality to be much worse.

“As the developer of this app, I knew it offered exact latitude and longitude,” he said.

GOES is far from alone in seeing a spike in usage due to the rise in disasters. The Watch Duty app, founded in 2021 and developed by a nonprofit group, has become practically ubiquitous in the LA area since the fires erupted. It was the top free app on iOS for much of last week and was still in the top five on Monday, providing LA residents with a precise reading on where fires are burning and spreading, which neighborhoods are in evacuation zones and the location of power outages.

In a post on X on Friday, Watch Duty wrote, “Our systems remain 100% operational while our radio operators sleep in shifts and our engineers are throwing everything they have at it to sustain up to 100,000 requests per second with an average response time of <20 ms.”

Watch Duty was developed by firefighters, dispatchers and first responders specifically to disseminate information related to fires. GOES, by contrast, stumbled into the fire safety market.

According to the GOES app’s launch announcement in 2023, Dr. Grant Lipman, a former professor at Stanford Emergency Medicine and director of its wilderness medicine fellowship, started the company “after treating a hiker in critical condition due to a rattlesnake bite” and seeing the need “to make wilderness medicine more accessible.”

‘The outdoors is changing’

GOES co-founder and CEO Camilo Barcenas spent years in the health-care space and worked for four years overseeing technology at the Stanford Adult Hospital. In 2019, he and his team began working on the GOES project, interviewing people in North America, South America, Asia, Europe and the Middle East about what would have made them feel safer and more prepared when traveling off the grid.

Their realization, he said, was that health care was “so broken systematically,” that the only way to improve is if people learn to take care of themselves first.

“We made this because we believe everyone should have this,” Barcenas said. “The outdoors is changing, and we need to be able to understand what these risks are so we can do better.”

Barcenas said that when Hurricane Helene hit North Carolina in September, he flew in to inform residents and aid groups about how they can use the platform. It’s become increasingly clear, he said, how useful the app can be when climate disasters strike.

“The LA wildfires highlight an acceleration of what we’ve been tracking: the democratization of wilderness medicine for urban survival,” Barcenas said. “When environmental emergencies strike, traditional emergency services and health-care facilities often become overwhelmed or inaccessible.”

Firefighters continue their work in the burning residential areas as wildfires continue to wreak havoc, reaching their fifth day and leaving extensive damage in residential areas in Los Angeles, California, United States on January 12, 2025.

Lokman Vural Elibol | Anadolu | Getty Images

Before arriving back in LA, Makarskyy said, he prepared for his return by checking national alerts within GOES, such as high-wind advisories, air quality and the location of wildfires. Each alert came with access to content written by wilderness medicine doctors on preparation and mitigation techniques.

He read up on “what to do in breathing problem scenarios” related to those alerts. He said he learned that N95 masks are “the only thing that can protect against particulates that are that fine, that small.”

“So rather than buying common surgical masks,” Makarskyy said, “I went ahead and bought the right product for us to keep our lungs safe in this environment.”

Makarskyy said he and his wife were fortunate not to have to evacuate. The fires were far enough away that they were safe but close enough that on Friday morning they woke up to ash coating their car. The closest fire had been contained. Their cat was safe with them.

The GOES app has some features that are free. Users can check on air quality and sunburn risk in their location and see if there’s any extreme weather advisory. For premium access, which includes pocket safety guide information, subscribers pay $6 a month or $36 a year.

Barcenas said there are a lot of new features on the way and that the app has already evolved significantly since launching less than two years ago.

“GOES was originally developed for outdoor adventurers to prepare for trips and manage wilderness medical emergencies with offline, visual first-aid guides,” Barcenas said. “Now, we’re seeing urban residents using it to understand their outdoor health risks and navigating emergencies during environmental crises.”

WATCH: California wildfires will be a $20 billion plus loss for insurers: Wells Fargo’s Elyse Greenspan

California wildfires will be a $20 billion plus loss for insurers: Wells Fargo's Elyse Greenspan

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Tesla short sellers have made $11.5 billion from this year’s selloff

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Tesla short sellers have made .5 billion from this year's selloff

It’s been a brutal year for Tesla shareholders so far, and a hugely profitable one for short sellers, who bet on a decline in the company’s stock price.

Tesla shorts have generated $11.5 billion in mark-to-market profits in 2025, according to data from S3 Partners. The data reflected Monday’s closing price of $227.50, at which point Tesla shares were down 44% for the year.

The stock rallied about 4% on Tuesday, along with gains in the broader market, heading into Tesla’s first-quarter earnings report after the close of trading. Tesla didn’t immediately respond to a request for comment.

The electric vehicle maker is expected to report a slight decline in year-over-year revenue weeks after announcing a 13% drop in vehicle deliveries for the quarter. With CEO Elon Musk playing a central role in President Donald Trump’s administration, responsible for dramatically cutting the size and capacity of the federal government, Tesla has faced widespread protests in the U.S. and Europe, where Musk has actively supported Germany’s far-right AfD party.

Tesla shares plummeted 36% in the first quarter, their worst performance for any period since 2022, and have continued to drop in April, largely on concerns that President Trump’s sweeping tariffs on top trade partners will increase the cost of parts and materials crucial for EV production, including manufacturing equipment, automotive glass, printed circuit boards and battery cells.

The company is also struggling to keep pace with lower-cost competitors in China, and is a laggard in the robotaxi market, which is currently dominated in the U.S. by Alphabet’s Waymo. Tesla has promised to launch its first driverless ride-hailing offering in Austin, Texas, in June.

Tesla has been the biggest stock decliner among tech megacaps this year, followed by Nvidia, which was down about 28% as of Monday’s close. The chipmaker has been the second-best profit generator for short sellers, generating returns of $9.4 billion, according to S3.

Nvidia is currently the most-shorted stock in terms of value, with $24.6 billion worth sold short, S3 said. Apple is second at $22.2 billion, and Tesla is third at $17.6 billion.

Musk has a long and antagonistic history with short sellers, who have made plenty of money at times during Tesla’s 15 years on the stock market, but have also been burned badly for extended stretches.

In 2020, Tesla publicly mocked short sellers, promoting red satin shorts for sale.

“Limited edition shorts now available at Tesla.com/shortshorts” Musk wrote in a social media post in July of that year, as the stock was in the midst of a steep rally.

Two years earlier, hedge fund manager David Einhorn of Greenlight Capital posted a tweet that he received the pairs of short shorts that Musk had promised him.

“I want to thank @elonmusk for the shorts. He is a man of his word!” Einhorn wrote. Einhorn had previously disclosed that his firm’s bet against Tesla “was our second biggest loser” in the most recent quarter.

In February 2022, after reports surfaced that the Department of Justice was investigating two investors who had shorted Tesla’s stock, Musk told CNBC that he was “greatly encouraged” by the action and said “hedge funds have used short selling and complex derivatives to take advantage of small investors.”

PlainSite founder Aaron Greenspan, a former Tesla short seller and outspoken critic of Musk, sued the Tesla CEO alleging he engaged in stock price manipulation for years through a variety of schemes.

The case was removed to federal court last year. In 2023, Musk’s social network X banned Greenspan and PlainSite, which publishes legal and other public and company records, from the platform.

— CNBC’s Tom Rotunno contributed to this report.

WATCH: Here’s what to watch for in Tesla’s earnings report

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Instagram launches Edits app for video, rivaling TikTok

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Instagram launches Edits app for video, rivaling TikTok

Instagram Edits app.

Courtesy: Instagram

Instagram on Tuesday launched its standalone Edits video creation app that offers features similar to those already available from TikTok parent Bytedance.

The new app allows creators to organize project ideas, shoot and edit video, and access insights about content. Edits includes background replacement, automatic captioning and artificial intelligence tools that can turn images into video.

“There’s a lot going on in the world right now and no matter what happens, we think it’s our job to create the most compelling creative tools for those of you who make videos for not just Instagram but for platforms out there,” said Adam Mosseri, the head of Instagram, in a Reel posted in January announcing the app.

Edits appears to be Meta‘s answer to CapCut, TikTok’s sister app that is also owned by China-based parent company ByteDance, which allows users to create and edit video on their phone or computer.

Instagram Edits app.

Courtesy: Instagram

Read more CNBC tech news

With TikTok’s future uncertain, Instagram’s move to launch Edits could be seen as a step to gain ground in the next era of short video creation in the creator economy.

Earlier this month, President Donald Trump for a second time extended the deadline for ByteDance to divest TikTok’s U.S. operations or face an effective ban. The deadline is now mid-June.

Instagram Edits app.

Courtesy: Instagram

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Tesla set to report first-quarter results after the bell

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Tesla set to report first-quarter results after the bell

Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat, as he, U.S. Trade Representative Jamieson Greer and Central Intelligence Agency Director John Ratcliffe attend a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. 

Carlos Barria | Reuters

Tesla is set to report first-quarter earnings on Tuesday after market close.

Here’s what Wall Street is expecting, based on a survey of analysts by LSEG:

  • Earnings per share: 39 cents
  • Revenue: $21.11 billion

Tesla is expected to report a slight revenue decline from $21.3 billion in the same quarter a year earlier. However, investors are going to be more focused on what the future holds after concerns about tariffs and CEO Elon Musk’s close ties to the White House pushed the stock price down 44% so far this year as of Monday’s close.

Earlier this month, Tesla reported a 13% decline in deliveries to 336,681. Tesla blamed the lower deliveries, in part, on the need to suspend production temporarily at its factories while it upgraded lines to start manufacturing a refreshed version of its popular Model Y electric SUVs.

Deliveries are the closest approximation of vehicle sales reported by Tesla but are not precisely defined in the company’s shareholder communications.

At an all-hands meeting with employees last month, Musk tried to reassure staffers that they were still in good hands, and to “hang onto your stock.” He pointed to the popularity of the Model Y, and Tesla’s potential in robotics, artificial intelligence and autonomous vehicle technology.

At the meeting, Musk also made light of the backlash against Tesla elicited by his work for President Donald Trump to reduce the size of the federal government, and his endorsements of Germany’s anti-immigrant AfD party, along with other political rhetoric and antics.

“If you read the news it feels like, you know, Armageddon,” Musk said on a livestream of the employees meeting. “It’s like, I can’t walk past the TV without seeing a Tesla on fire.” He followed up saying, “This is psycho, stop being psycho!”

That was before Trump’s announcement earlier this month of widespread tariffs, the one area where Musk has publicly broken with the Trump administration. On X, he called Peter Navarro, Trump’s top trade advisor and tariff proponent, a “moron” and “dumber than a sack of bricks.”

Tesla stands to take a significant hit from the president’s proposed tariffs, assuming they don’t get rolled back. Tesla manufactures cars in the U.S. for domestic sales so it’s not subject to the 25% tariff on imported autos, but the hefty levies on other components and materials could be severe.

Tesla relies on suppliers in Mexico and China for items like automotive glass, printed circuit boards and battery cells, among other parts essential for the production of its cars. The company has sought an exemption from the U.S. trade representative for equipment imported from China that it uses in its factories.

WATCH: Tariff fallout hits automakers

Tariff fallout hits automakers as revenue sharing gets hit

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