Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’
Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025.
Kevin Lamarque | Reuters
During Elon Musk’s two months in Washington, D.C., Tesla shares have been on a precipitous decline, losing over 40% of their value.
Protests and campaigns against Tesla, Musk and his work in the Trump White House have erupted around the world. Criminal acts of vandalism and arson have also targeted some Tesla electric vehicles, showrooms and charging stations in a string of incidents in the U.S. and across Europe.
At an all-hands meeting with Tesla employees on Thursday evening, Musk addressed some of those issues, while trying to reassure employees that they were still in good hands, and to “hang onto your stock.” The shares rose 4% on Friday.
“It’s very difficult like for people in the stock market, especially those that look in the rearview mirror — which is most people — to imagine a future where suddenly a 10 million vehicle fleet has five to ten times the usefulness,” Musk said, touting his vision for autonomous vehicles that he’s long promised. “It’s so profound and there’s no comparison with anything in the past that it does not compute. But it will compute in the future.”
In recent months, Tesla’s new vehicle sales have fallen in Europe and in parts of the U.S. and China. The company is facing trade uncertainty after multiple executive orders from President Trump imposed new tariffs on goods and materials from Canada, Mexico and China, home to crucial Tesla suppliers. National car shopping site Edmunds said this week that Tesla owners are trading in their electric vehicles at record levels.
“If you read the news it feels like, you know, Armageddon,” Musk said on the livestream on Thursday. “It’s like, I can’t walk past the TV without seeing a Tesla on fire. Like what’s going on? Some people, it’s like listen, I understand if you don’t wanna buy our product, but you don’t have to burn it down. That’s a bit unreasonable.”
He followed up saying, “This is psycho, stop being psycho!”
Employees laughed with him.
Musk spent much of the meeting hyping Tesla’s technology, or the prospects of it.
“What’s the most exciting future that you could possibly imagine?” he asked rhetorically. He answered that it’s “a future of abundance for all,” where robotaxis, artificial intelligence and robots now in development at Tesla will bring about a future “where you could literally just have anything you want.”
Musk celebrated the best-seller status of the Tesla Model Y, and said the electric SUV would be the “best-selling car on Earth again this year” and “available worldwide.” He boasted that the Cybertruck, Tesla’s angular steel pickup truck, had become the top-selling fully electric pickup. Despite a massive Cybertruck recall announced earlier on Thursday, Musk also lauded the vehicle because it had attained a 5-star rating for crash safety.
He thanked Tesla employees for the refreshed version of the Model Y, saying the company’s supply chains on three continents proved a challenge in getting the car to market.
Musk boasted about the forthcoming Cybercab, a two-seater with no steering wheel or brakes, and EVs that will be upgraded to have robotaxi capabilities with a software update. It’s a promise he’s been making for years. In 2016, Musk told Tesla owners that their cars would be able to make a driverless cross-country trip by the end of 2018.
On Tesla’s last earnings call, Musk said a driverless ride-hail service is coming to Austin, Texas in June, using existing Tesla vehicles and a version of the company’s FSD or “Full Self-Driving” software, which currently requires a driver at the wheel ready to steer or brake at any time.
Musk said on Thursday that the Cybercab will be produced in Austin, as will the company’s humanoid robot, dubbed the Optimus. The Optimus is now being assembled at the company’s Fremont, California factory, he said, and Tesla aims to produce about 5,000 units this year.
In both the robotaxi and humanoid robotics markets, Tesla faces stiff competition.
Alphabet’s Waymo is scaling its driverless ride-hailing offering in more U.S. markets, recently launching in Austin. And Chinese EV makers, including Zeekr, plan to make their equivalents to Tesla’s Autopilot and FSD available as standard options.
Meanwhile, a number of humanoid robotics developers, including Apptronik, Boston Dynamics and Unitree, are working to bring their models to market. Boston Dynamics, in partnership with RAI Institute, released a new video this week showing their electric Atlas humanoid robot walking, running, crawling, and doing gymnastics.
Still, Musk says Tesla’s Optimus is “the most sophisticated humanoid robot on Earth,” even though it’s now “learning to walk and catch balls” and in most of its major demonstrations has been operated by people.
Tesla employees will be first to get access to the robots, he said, adding that one day they’ll function like Star Wars characters R2-D2 and C-3PO.
“We will offer Optimus robots first to Tesla employees,” Musk said. “There are some pluses and minuses to that — probably have a few bugs. But it’s gonna be very cool.”
WATCH: Musk has neglected Tesla
Whoop member wears the new device.
Courtesy of Whoop
Whoop on Thursday announced two new wearable devices, Whoop 5.0 and Whoop MG, which feature sleeker hardware, a longer battery life and additional in-app health insights.
Both of the company’s new devices are designed for 24/7 wear.
The Whoop 5.0 and Whoop MG support 14 days of battery life, which is around triple the four-to-five-day range offered by Whoop 4.0. The new hardware is also 7% smaller than the previous device, with a processor that’s 60% faster, the company said.
“We’ve taken everything we’ve learned over the past decade and built a platform to help our members perform and live at their peak for longer,” Whoop founder and CEO Will Ahmed said in a release.
The launch marks Whoop’s first major hardware update since 2021, when the company released Whoop 4.0. Whoop said its new devices will help users understand how their daily decisions impact their performance and health outcomes over time, according to a release.
Cost and tiers
There are three annual membership tiers: Whoop One, which costs $199 and includes the Whoop 5.0; Whoop Peak, which costs $239 and includes the Whoop 5.0; and Whoop Life, which costs $359 and includes the Whoop MG. Accessories like additional bands will come at an extra cost.
Whoop 5.0 and Whoop MG memberships and accessories are available for purchase online starting on Thursday.
Whoop’s new membership options.
Whoop
Whoop One members will be able to use their Whoop 5.0 to measure sleep, strain and recovery, as well as the cardiovascular and muscular impact of various workouts. Users can also track their menstrual cycles and pregnancies.
Whoop Peak builds on those core metrics. Members have access to a Health Monitor feature, which provides a quick look at vitals like respiratory rate, heart rate, blood oxygen, and skin temperature. Whoop Peak also supports a real-time stress monitor, where users can see their stress level and complete guided breathing sessions if they’d like to increase relaxation or alertness.
The company also unveiled a feature called Healthspan, which uses nine metrics to calculate adult users’ Whoop Age and Pace of Aging. A user’s Whoop Age compares their physiological age to their actual age, and Pace of Aging assesses how fast or slow someone is aging based on their behavior.
The Healthspan feature is updated every week, and users will get tips about how they can improve their Whoop Age and Pace of Aging in their app. Whoop developed this feature in partnership with the Buck Institute for Research on Aging, the company said.
The most comprehensive membership is Whoop Life, which will give users access to additional medical-grade health features with Whoop MG.
Whoop Life members can record an electrocardiogram, or an ECG, to detect irregular heart rhythms like AFib, high heart rate or low heart rate. Once the reading is complete, they can share a PDF of the recording with their doctor.
The ECG feature has been cleared by the U.S. Food and Drug Administration. It’s not intended for users under 22 years old, or for users with a cardiac pacemaker or other implanted devices. It will be available in the U.S., the UAE and Qatar at launch, with additional countries coming soon.
Whoop Life members can also get daily insights about their blood pressure, including estimated systolic and diastolic ranges. Users will have to log a traditional cuff-reading to act as a baseline to unlock this feature, and it’s not intended for treatment, diagnosis or medical use.
Whoop said Blood Pressure Insights has been in development for several years, and the feature is currently in beta.
Quick takeaways
Ashley Capoot wearing Whoop MG
Ashley Capoot
I got a sneak peek at the Whoop MG, and I’ve been wearing it for the past few days. I can’t speak to what it’s like to wear the device over an extended period, but my initial experience has been largely positive.
From a hardware standpoint, the Whoop MG looks and feels sleeker than the Whoop 4.0, which I tested out in April. The actual sensor is roughly an inch wide, and the band is slightly thinner than that. I’ve found that both the Whoop MG and the Whoop 4.0 are a little hard to take off — you really have to tug on the latch.
The Whoop MG’s setup is very straightforward, and I was up and running on the app in a matter of minutes. With all the new features, there’s a lot of additional data to make sense of, so the app seemed pretty busy to me at first. I felt like I had a better handle on it after a few hours, though, and I haven’t felt pressure to constantly monitor it.
Of the new features, I thought Healthspan was particularly interesting. As a relatively healthy 24-year-old, I noticed I still felt relieved to be “younger” than my age. I’d be curious to see how that feature would change based on my behaviors from week to week.
I also liked the Whoop MG’s detailed sleep tracking and the real-time stress monitor, as stress is something I’ve personally been trying to be more mindful of. I’ve learned that my stress levels really skyrocket while I’m taking public transport, for instance, and adjust accordingly.
After about a dozen tries, I wasn’t able to log a successful ECG reading. I kept getting errors, even after switching wrists and the positioning of my arms. That’s been disappointing, as I’m interested to see my results. The Blood Pressure Insights are neat, and assuming other users can successfully record ECG readings, it’s easy to see the potential benefit. That said, I don’t think I need those features in my daily life yet, so the Whoop Life membership probably wouldn’t be the right pick for me.
I’m not totally sold on the Whoop MG’s aesthetics. I have small hands and wrists, so I always feel like smart devices tend to look clunky on me.
I definitely felt like the Whoop 4.0 was too big for me, but the Whoop MG doesn’t bother me quite as much. That’s just my personal taste, and there are lots of Whoop accessories you can buy to spiff up the device for different occasions.
After just a few days, there’s a lot I can still learn from the Whoop MG, but I feel like I’d personally reach for the Whoop 5.0. The range of membership options helps ensure that users don’t have to break the bank, so I’d feel comfortable recommending Whoop 5.0 and Whoop MG to my friends and family. And for existing Whoop customers who are thinking about an upgrade, the extended battery life alone is worth considering.
WATCH: CEO of fitness tracker company Whoop on $3.6 billion valuation, outlook
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018.
Chris Wattie | Reuters
Shares of Shopify dipped more than 5% in early trading on Thursday after the company posted mixed first-quarter results and issued soft guidance for the current period.
Here’s how the company did:
- Revenue: $2.36 billion vs. $2.33 billion expected by LSEG
- Earnings per share: 39 cents adjusted vs. 26 cents expected by LSEG
For the second quarter, Shopify said it expects gross profit to grow at a high-teens percentage rate, while analysts had forecast a rate of 20.1%, according to StreetAccount. The company forecast revenue to expand at a mid-twenties percentage rate compared with a year earlier. Wall Street had forecast roughly 22% growth.
Shopify sells software for merchants who run online businesses as well as services such as advertising and payment processing tools. Many of Shopify’s merchants are small- to medium-sized businesses, giving it some exposure to President Donald Trump’s sweeping tariffs on Chinese imports, which total 145%. As part of Trump’s tariffs, the president last week closed a trade loophole favorable to many online businesses that allowed shipments from China under $800 to enter the U.S. duty-free.
On a call with investors, Shopify President Harley Finkelstein said the expiration of de minimis isn’t expected to have a “meaningful impact” on Shopify in the near term. Roughly 1% of its gross merchandise volume is related to imports from China that were subject to the exemption, he said.
The company hasn’t seen “broad based price increases” among sellers yet, Finkelstein said. He added that consumers who purchase from Shopify businesses skew higher income, with more than half of buyers in the U.S. having incomes above $100,000.
“We believe this helps insulate our merchants from some of the potential swings in pricing or other market factors, as higher income consumers tend to be less price sensitive,” Finkelstein said. “We acknowledge the uncertainty ahead and are actively monitoring our data to help us support our merchants and adapt to whatever changes may arise.”
Earlier this year, Shopify also added a “buy local” tool to its site, allowing shoppers to filter products to items sold by merchants in their country.
E-commerce companies are bracing for the impact of Trump’s tariffs. Amazon earlier this month issued light operating income guidance for the second quarter, highlighting “tariff and trade policies” as a factor weighing on its outlook. Etsy, meanwhile, said last week it’s staying “nimble” to the tariff uncertainty, while the company’s finance chief Lanny Baker noted that the company’s “direct tariff exposure appears to be relatively low.”
GMV, a key metric that measures the total volume of goods sold on the platform, was $74.75 billion during the first quarter. That fell just short of consensus estimates for $74.8 billion, according to StreetAccount.
Revenue for the quarter was up about 27% to $2.36 billion, beating analysts’ projected $2.33 billion. Subscription solutions revenue came in at $620 million during the quarter, which was lighter than the $621.5 million forecast by Wall Street.
Shopify stock chart
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