December 21, 2022

Story - Jai Pratap

Tesla has told employees that it is implementing a hiring freeze and confirmed that another wave of layoffs is coming next quarter, reported Electrek.

Tesla CEO gave different reasons to different people for the layoffs, including that he has a “very bad feeling” about the economy.

Elon Musk owned electric vehicle maker told its employees that they are freezing hiring and plans more layoffs.

Tesla shares are down by 38% since Elon Musk completed Twitter buyout for $44 billion in October.

Tesla shares pumped nearly 5% yesterday pre-market after Elon was voted out as Twitter CEO in a poll.

Tesla shareholders expressed disagreement over Elon Musk devoting his time at Twitter and sidelining Tesla.

Elon Musk has reportedly diverted billions of dollars worth Tesla funds into Twitter.