After Twitter's huge layoffs now Tesla started layoffs

Elon Musk has been talked about a lot these days especially with Twitter stuff but it looks like now Tesla's layoffs will also be popular on social media. After Musk bought Twitter many layoffs happened on Twitter, and now Tesla will follow the same way as it appears.  According to a source familiar with the situation, the news website Electrek reported on Wednesday that the electric car manufacturer Tesla Inc. (TSLA.O) will undergo yet another round of layoffs during the subsequent quarter. Tesla is additionally going to freeze employing, as indicated by the report. Reuters inquired for information, but the company did not immediately respond. Before the bell, Tesla shares rose 1% to $139.25 in trading. 

After Twitter's huge layoffs now Tesla started layoffs

Investors in Tesla have expressed concern about Chief Executive Elon Musk's distraction from managing Twitter, the social media platform he purchased for $44 billion in October. The rumored move comes at the same time. In addition, Tesla analysts have lowered their stock price targets because they are concerned that the company's deliveries will suffer as a result of lower demand from China in the coming year. read more In June, Musk said that Tesla would cut its salaried staff by about 10% in the next three months.

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