09:24 AM EDT, 04/23/2024 (MT Newswires) -- Tesla (TSLA) is eying 400 job cuts at its gigafactory in Gruenheide near Berlin, Reuters reported Tuesday, citing the company.

The company said it is looking to implement the cuts through a voluntary program instead of forced layoffs, the report said.

Tesla was quoted as saying it is facing challenges related to the "weakening sales market" for electric vehicles.

Tesla didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)