electric car manufacturer Tesla will make another round of layoffs in the next quarter, news website Electrek reported on Wednesday, citing a source familiar with the matter.
Tesla is also going to freeze hiring, according to the report. The company did not immediately respond to a Reuters request for comment.
Tesla shares were up 1% at $139.25 in pre-opening trading.
The news comes at a time when Tesla investors have raised concerns about distractions from the CEO, Elon Muskmanaging Twitter, the social media platform it bought for $44 billion in October.
Separately, Tesla analysts have also cut their price targets on the stock out of concern that the weak demand from China will weigh on the EV maker’s deliveries next year.
Musk said in June that Tesla would reduce its salaried workforce by about 10% over the next three months.
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