Solar City Tesla

WBFO file photo

Shares of Tesla lost approximately nine percent of their value Friday, as the high-tech company moves forward amid concerns including a Securities and Exchange Commission investigation, comments made by founder Elon Musk and a report that Tesla may not, after all, purchase all the output from the Buffalo-based factory it now shares with Panasonic.


WBFO News file photo

Panasonic has hired nearly 400-people to work at Tesla's Solar City Riverbend in south Buffalo. Tesla has been cutting back its workforce nationwide in the electric car industry. But last month a career fair was held to hire more Buffalo residents at Solar City. WBFO News asked Mayor Byron Brown if he has confidence in the future of Tesla in the city.