Tesla To Freeze Hiring, Lay Off Employees Next Quarter - Report
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.
Tesla is also going to freeze hiring, according to the report. The company did not immediately respond to a Reuters request for comment.
Shares of Tesla rose 1% to $139.25 in trading before the bell.
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.
Musk in June said Tesla would reduce its salaried workforce by roughly 10% over the next three months.
(Reporting by Chavi Mehta in Bengaluru; Editing by Shounak Dasgupta and Shailesh Kuber)
Related News
Latest Cars
Upcoming Cars
Latest News
Jafar Rizvi | Dec 30, 20252026 Kawasaki Versys 650, Vulcan S, Z650RS Launched: Now E20 CompatibleKawasaki has updated its 650cc range of motorcycles with E20 fuel compatibility and is offering new paint schemes.1 min read
car&bike Team | Dec 29, 2025JSW MG Motor India Extends Assured Buyback Plan To 5 YearsMG has expanded its EV buyback programme, which is also offered for commercial MG ZS EV owners.1 min read
car&bike Team | Dec 29, 2025Ducati XDiavel V4 Launched In India At Rs 30.89 LakhThe XDiavel V4 sits as a cruiser in the Diavel range and will be sold alongside the standard model.2 mins read
car&bike Team | Dec 28, 2025Nissan Gravite MPV Spied Testing Yet Again Ahead Of Jan 2026 DebutNissan’s subcompact MPV will share its underpinnings with the Renault Triber.1 min read
car&bike Team | Dec 27, 2025Honda Patents Steering Assist Tech For MotorcyclesHonda patents a steering assist concept that subtly intervenes during blind-spot risks.1 min read
Jafar Rizvi | Dec 27, 2025Listed: Car Manufacturers That Will Hike Prices From January 2026Based on the announcements made so far, the price increase across car models is expected to range between 2 and 3 per cent.3 mins read
Preetam Bora | Dec 30, 2025TVS Orbiter Review: Real-World Performance and Range TestedThe TVS Orbiter is a promising electric scooter promising decent range, practicality and pricing. But is there any reason to avoid it? We spent a few days getting to know it better.9 mins read
Jafar Rizvi | Dec 24, 2025MG Windsor EV 38 kWh Long-Term Report: IntroductionThe Windsor EV has joined our garage, and before it settles into daily duty, I took it out to get a sense of what living with an electric car is like.4 mins read
Seshan Vijayraghvan | Dec 23, 20252026 Kia Seltos Review: Formula Is Spot On, But Is The Timing Right?The 2nd-gen Kia Seltos has arrived, but it has the challenge of facing strong rivals like the Victoris and Sierra. The question is simple - Does it still have what it takes?9 mins read
car&bike Team | Dec 26, 2025Tata Punch EV Long-Term Second Report: Highway Performance, Pros & ConsAfter a week of living with the Tata Punch EV Long Range—including a proper Mumbai-Nashik highway test—we've learned what this little electric SUV is really made of.1 min read
Seshan Vijayraghvan | Dec 22, 20252026 Tata Harrier & Safari 1.5 Hyperion Review: By The Power Of Petrol!The new Tata Harrier and Safari petrol packs a new 1.5-litre TGDI Hyperion engine, but is it an ideal alternative to the diesel version?7 mins read