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Tesla Motors Inc (NASDAQ:TSLA) Fire Was Way Overblown | ETF DAILY NEWS

Shares of Tesla Motors Inc (NASDAQ:TSLA) took a nosedive last week after a YouTube video showing a burning Tesla Model S was brought to investors’ attention.

The video, which showed a Model S engulfed in flames after hitting an object in the road, fed long-standing concerns about the safety of electric cars — and led quite a few Tesla investors to consider abandoning the stock.

Not to worry, says Motley Fool contributor John Rosevear. In this video, he explains why the Model S fire was no big deal — and why Tesla’s response to the incident speaks well for the company’s management.

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Related ETF: Market Vectors Global Alternative Energy ETF(GEX)

More http://etfdailynews.com/2013/10/08/tesla-motors-inc-tsla-fire-was-way-overblown/

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