Another wave of layoffs are coming at electric-car maker Tesla Inc in the next quarter, news website Electrek reported on Wednesday, citing a source familiar with the matter.
It is also implementing a hiring freeze, the report added. This came after Tesla's stock fell to a new 52-week low.
Earlier in June, Tesla CEO Elon Musk asked executives to "pause all hiring" and cut 10% of staff.
The reported move comes at a time when Tesla investors have raised concerns over Chief Executive Elon Musk's distraction with managing Twitter, the social media platform he bought for $44 billion in October.
Moreover, Tesla analysts have also cut their price targets on the stock worried that weakness in demand from China will weigh on the EV maker's deliveries next year.
