AIRLINK 172.95 Decreased By ▼ -2.78 (-1.58%)
BOP 13.23 Increased By ▲ 0.11 (0.84%)
CNERGY 7.43 Decreased By ▼ -0.11 (-1.46%)
FCCL 43.55 Decreased By ▼ -0.36 (-0.82%)
FFL 14.94 Decreased By ▼ -0.07 (-0.47%)
FLYNG 26.50 Decreased By ▼ -0.40 (-1.49%)
HUBC 129.70 Decreased By ▼ -0.53 (-0.41%)
HUMNL 13.35 Increased By ▲ 0.01 (0.07%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 6.00 Decreased By ▼ -0.06 (-0.99%)
MLCF 55.52 Decreased By ▼ -0.51 (-0.91%)
OGDC 213.31 Decreased By ▼ -1.46 (-0.68%)
PACE 5.90 Decreased By ▼ -0.08 (-1.34%)
PAEL 41.14 Increased By ▲ 0.24 (0.59%)
PIAHCLA 16.40 Increased By ▲ 0.08 (0.49%)
PIBTL 9.60 Decreased By ▼ -0.15 (-1.54%)
POWER 11.58 Decreased By ▼ -0.18 (-1.53%)
PPL 179.20 Decreased By ▼ -2.28 (-1.26%)
PRL 33.75 Decreased By ▼ -0.47 (-1.37%)
PTC 22.82 Decreased By ▼ -0.24 (-1.04%)
SEARL 94.20 Decreased By ▼ -1.52 (-1.59%)
SILK 1.17 Increased By ▲ 0.03 (2.63%)
SSGC 35.20 Decreased By ▼ -0.25 (-0.71%)
SYM 15.70 Decreased By ▼ -0.05 (-0.32%)
TELE 7.81 Decreased By ▼ -0.06 (-0.76%)
TPLP 10.83 Decreased By ▼ -0.15 (-1.37%)
TRG 60.85 Increased By ▲ 0.35 (0.58%)
WAVESAPP 10.70 Decreased By ▼ -0.11 (-1.02%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,043 Decreased By -10.6 (-0.09%)
BR30 36,421 Decreased By -45.6 (-0.13%)
KSE100 113,961 Decreased By -395.4 (-0.35%)
KSE30 35,140 Decreased By -206.8 (-0.58%)

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.

Comments

Comments are closed.