Nov 09

Tesla Model S

Electric car maker Tesla’s shares fell 7.5% on Thursday after Model S third fire incident in five weeks. On Wednesday, Model S caught on fire in the Tennessee after the vehicle ran over a tow bar. Also previous two fire accidents have been related to accidents. According to analysts the fires had been result of accidents but investors are concerned that these accidents will have impact on the firm. Tesla made $38 million net loss in third quarter this year.


Via: bbc

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