These are the stocks posting the largest moves before the bell.
– Tesla shares slid 4.7% in the premarket following a report that CEO Elon Musk ordered an immediate hiring freeze and a 10% reduction in staff. The order came in a memo seen by Reuters, which quoted Musk as saying he feels"super bad" about the economy.
– Coinbase is extending a hiring freeze and rescinding some job offers that had been accepted. The cryptocurrency exchange operator said in a blog post that it would pause hiring for"as long as this macro environment requires." Coinbase fell 3.7% in premarket trading.
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