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Jefferies analyst: Tesla electric cars are safe

NEW YORK (AP) — Tesla’s electric cars are safe, despite a widely-shared video online that showed a Model S in flames, a Jefferies analyst said Monday.

The video sent shares of Tesla Motors Inc. down more than 5 percent last week, as investors worried about the safety of its electric cars. In a blog post Friday, Tesla CEO Elon Musk said that the battery in the vehicle from the video caught fire after it was apparently impaled by a metal object on the road. Tesla said the car properly contained the blaze and the driver was able to leave the highway in a Seattle suburb before flames overwhelmed the front of the vehicle.

After meetings with Tesla executives last week, and test driving Tesla’s cars, Jefferies analyst Elaine Kwei said that the risk of a fire is “still far lower in a Tesla than for a conventional vehicle.”
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