India, April 18 -- Electric vehicle maker Tesla Inc. revealed that it will lay off 285 workers from its Buffalo, New York workforce. The planned job cuts represent 14 percent of the total workforce of 2,032 workers in the region. The job cuts are part of the massive layoffs the company recently announced.
In a related development, reports said citing an internal email sent to employees, that Tesla Chief Executive Officer Elon Musk admitted and apologized that some of the severance packages offered to former employees were too low.
On Nasdaq Stock Exchange, Tesla shares were losing around 3 percent to trade at $150.87.
Musk said, "As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low. My apolo...