Tesla Model S Catches Fire, Video Spurs Drop in Stock Value
A video of a Tesla Model S engulfed in flames surfaced on the Internet today, prompting the American automaker’s stock value to take a tumble.
At one point, Tesla’s stock dropped over 9 percent but closed at the day down 6.2 percent at $180.95. The American automaker acted quickly to release a statement on the Model S on fire, confirming that it occurred after the sedan was involved in an accident with a “large metallic object.”
SEE ALSO: Tesla Model S Unintended Acceleration Complaint Filed
“Yesterday, a Model S collided with a large metallic object in the middle of the road, causing significant damage to the vehicle,” said Elizabeth Jarvis-Shean, director of global communications at Tesla. “The car’s alert system signaled a problem and instructed the driver to pull over safely, which he did. No one was injured, and the sole occupant had sufficient time to exit the vehicle safely and call the authorities. Subsequently, a fire caused by the substantial damage sustained during the collision was contained to the front of the vehicle thanks to the design and construction of the vehicle and battery pack. All indications are that the fire never entered the interior cabin of the car. It was extinguished on-site by the fire department.”
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GALLERY: Tesla Model S
[Source: Market Watch]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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Tesla are junk cars, period. What Tesla has been doing is hiring a bunch of online PR opinion cheerleaders to cheer up the junk in any possible way.
Electric cars SUCK!, cars that run 440 + volts that run through them runs over scrap on the road and boom, fire it's amazing you don't get electrocuted too