Published: 12:45, December 22, 2022 | Updated: 12:55, December 22, 2022
Electrek: Tesla to freeze hiring, lay off employees next quarter
By Reuters

The company logo is shown at the top of a supercharger for Tesla automobiles near shops in Boulder, Colorado, US, Feb 25, 2021. (DAVID ZALUBOWSKI, FILE / AP)

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 percent 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.

READ MORE: Tesla safety at centre of South Korean trial over fiery, fatal crash

Musk in June said Tesla would reduce its salaried workforce by roughly 10 percent over the next three months.