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Tesla Motors Inc (NASDAQ:TSLA) Dismantling Dealership Opposition

Tomahawk, WI 12/05/2013 (BasicsMedia) – Tesla Motors Inc (NASDAQ:TSLA) with $17 billion in market is the U.S. all-electric car manufacturer. The company’s flagship car in this category is Model S, a name that in October nearly became synonymous with fire. Talk about fire and the company is now under investigation by the U.S. NHTSA. The road safety agency is looking probing the three fires which resulted after the car ran over metallic object, damaging its undercarrier.

A similar probe has been concluded in Germany where authorizes have found no defect with the car. However, report from the U.S. is expected sometime later this month or early next year. But looking at the investigations and the one that has already been conluded in Europe by German authorities, the U.S. report is widely expected to mirror the same. In other words, it’s highly unlikely that there will be any damaging news for Tesla Motors Inc (NASDAQ:TSLA) from the U.S agency.

The company’s CEO Elon Musk has often used every public opportunity to car his car with what other automakers produce. He concludes that if fire safety is anything to go by, then Model S is safer than any car on the roads to day, saying the car is at least five times safer than gasoline powered cars.


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