Tesla Model S Catches Fire After Crash, Company Stocks Fall…

A burning Tesla Model S was spotted just outside of Seattle (yes, it was raining…) on Tuesday, just after 8 AM, as you can see in the video posted below. The official story is that the car “collided with a large metallic object in the middle of the road, causing significant damage.”

The crash was reportedly responsible for the fire, which the video shows did not spread to the rest of the car, remaining contained on the battered front end – good thing the fire crews are trained to handle this type of thing.

Now, it seems that the event has had serious negative repercussions for the Silicon Valley-based manufacturer whose stocks fell by 6.2 percent today – this may announce problems ahead for the EV maker, unless it can find out the exact cause of the fire.

If this had been any other (type of) car, the incident may have been overlooked, like the Jaguar F-Type blob of aluminum. However, I don’t think Tesla will suffer as much as Fisker did, as the latter had a pretty but resoundingly mediocre product that people wanted to like but ultimately couldn’t. The Model S, on the other hand, was voted as being the safest car ever tested by the NHTSA.

What’s odd is that the burnt car’s front end looks about as damaged as that of the crash test car, yet one went up in flames (on a distinctly rainy day) while the other one didn’t.

Stay posted – this does not end here…

By Andrei Nedelea

Story References: Usatoday via Worldcarfans

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