Bernstein analyst A.M. Sacconaghi, Jr. performed a detailed benchmarking analysis of executive turnover at Tesla (TSLA) and at comparable companies that are young, fast growing, and largely Silicon Valley based, including Snap (SNAP), Uber (UBER), Lyft (LYFT), Airbnb, Netflix (NFLX), Facebook (FB) and Amazon (AMZN). His analysis indicates that Tesla's annualized executive turnover level has been 27%, "notably higher" than the cohort average of 15%. With that said, the analyst notes that it is "not outlandish," with Snap at 24% and Lyft at 23%, which is nearly as high.

Amazon's HQ2 in Arlington, Virginia lost 200 jobs in 2023, missing the company's goal of adding 2,500 jobs, The Washington Post's Teo Armus reports. Amazon's HQ2 has roughly 8,000 employees and plans to reach about 25,000 by the end of the decade, according to its agreement with Virginia, Armus writes. Reference Link

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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

Roth MKM analyst Rohit Kulkarni keeps a Buy rating and $205 price target on Amazon.com while noting that the firm's recent discussion with a 25-year veteran in e-commerce suggested that the company still has significant supply chain efficiencies to tap into. The firm hosted a webinar with an industry veteran who believes that the company will continue to tweak the regional distribution model and grow shipping efficiency, noting that Amazon.com still has over 20% of efficiencies left to gain, the analyst tells investors in a research note.

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