Electric cars

Tesla concerns escalate as top executive moves to MIA

Tesla concerns escalate as top executive moves to MIA

If history is any indication, Tesla (TSLA) – Get the Tesla Inc report might be looking for a new C-suite officer soon.

Besides electric vehicles, Tesla is known for its executive turnover.

In 2019, AllianceBernstein released a report indicating that the company had a 44% annualized turnover rate for executives who report to Musk.

To put this into perspective, companies like Facebook (Facebook) – Get the Class A report from Meta Platforms Inc.Amazon (AMZN) – Get the report from Amazon.com, Inc.Uber (UBER) – Get the report from Uber Technologies, Inc.Lyft (LYFT) – Get the Class A report from Lyft, Inc.netflix (NFLX) – Get the report from Netflix, Inc.Airbnb (ABNB) – Get the Class A report from Airbnb, Inc. and Snap Inc. (BREAK) – Get the Class A report from Snap, Inc. had an average annualized turnover rate of only 9%.