After Morgan Stanley's Internet team, led by analyst Brian Nowak, said they view the partnership that Waymo, Alphabet's (GOOG) autonomous driving unit, has struck with Lyft as an important step in the "Other Bet" company's ability to help drive the autonomous transition, analyst Adam Jonas said the Waymo/Lyft partnership is an emerging competitor to Tesla (TSLA) in autonomous mobility. Jonas keeps an Equal Weight rating and $305 price target on Tesla shares.

Notable profits for the buyer who lifted the $6.25 offer for 3,135 Tesla (TSLA) May-24 155 puts yesterday at 09:53ET when underlying shares were trading at $165.33. Shares closed at $161.48, and the puts at $7.84 for a mark-to-market profit of 25%, or $498K, on the $1959K outlay.

Tesla is focused on building a giant Texas datacenter for its robotaxi project, which is now a top priority, after postponing work on a cheaper vehicle, Electrek's Fred Lambert reports. The cheaper vehicle, codenamed NV9, sometimes referred to as Model 2, was expected to cost around $25,000, but Lambert writes that the program is "effectively scratched" right now as Tesla is putting all resources into its self-driving effort. Reference Link

Advertising Analysts, along with experts from VaynerMedia, discuss 1Q ad spending trends across key platforms including Search (GOOG), Social (META PINS SNAP RDDT), CTV/Video (ROKU NFIX), Retail Media (AMZN) on an Analyst/Industry conference call to be held on April 17 at 2 pm.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell. From the hotly-debated... To see the rest of the story go to thefly.com. See Story Here

Tesla will cut more than 10% of its workforce globally amid a slowdown in the growth of electric-vehicle sales, Rebecca Elliott, Selina Cheng and Raffaele Huang of Wall Street Journal report, citing an email sent by Chief Executive Elon Musk to employees Monday. Electrek was the first to report the news. Musk cited the company's need to reduce costs and increase productivity for the layoffs, according to the email. Musk said Tesla had scaled up multiple factories across the globe that has led to a duplication of roles and job functions in certain areas, the Journal reports. "As part of the effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally," he wrote. "There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle." Reference Link

Friday's total option volume of 58.8 million contracts resulted in net open interest growth of 5.70 million calls and 5.17 million puts. Apple (AAPL), Tesla (TSLA), NVIDIA (NVDA) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 95k Meta Platforms (Facebook) (META) 6/18 weekly 1030 calls, 42k Tesla (TSLA) Apr-24 177.5 calls, 40k V F Corp (VFC) Mar-25 10 puts, 30k Alphabet Class A (GOOGL) Apr-24 165 calls and 30k Tesla (TSLA) 6/18 weekly 100 calls.

Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Snap... To see the rest of the story go to thefly.com. See Story Here

Tesla has reduced the subscription price for its Full Self-Driving driver-assist software to $99 from $199 per month in the U.S., the company announced in a post on X. Reference Link

Tesla is laying off more than 10% of its global workforce, Electrek's Jameson Dow reports, citing an internal company-wide email. According to the report, this means that at least 14,000 employees will be laid off, but it is unclear which specific teams will be most or least affected by Tesla's layoffs. The company-wide email, which was leaked to the press, said in part that "Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle." Reference Link