A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Tesla to Avoid U.S. Probe of Model S Post-Crash Fire

Elon Musk’s Tesla Motors Inc. (TSLA), the best-performing U.S. auto stock this year, got a double dose of good news as U.S. officials chose not to probe a Model S battery fire and California deferred changes to a state program that would pare Tesla’s revenue from green-car credits.

The National Highway Traffic Safety Administration, in a statement, said yesterday it found no evidence that the fire on a Washington state highway resulted from a Model S defect or violations of U.S. safety standards. The luxury car struck metal debris that pierced its lithium-ion battery pack, according to state officials and Tesla.
Tesla CEO Says Model S Fire Caused by Metal Debris

Oct. 25 (Bloomberg) — Elon Musk, chief executive officer of Tesla Motors Inc., talks about the causes of a Model S battery fire, the company’s stock price and battery-powered car sales in Europe. He spoke yesterday with Guy Johnson in London. (Source: Bloomberg)

“We have a six-millimeter thick armor plate on the bottom of the car,” Musk said yesterday in a Bloomberg Television interview. The debris “punched through that armor plate into the battery pack and crushed several of the battery cells. It took several minutes, but a few of those cells caught fire.”

Reports of the Oct. 1 fire, the first such incident involving a Tesla vehicle, triggered a 10 percent drop in the company’s shares over two days, reflecting concern the issue might tarnish the automaker. Tesla, already the biggest seller of premium battery-powered cars, has soared fivefold this year after posting its first quarterly profit, repaying a U.S. loan nine years early and expanding Model S sales to Europe and Asia.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.