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Fiery Tesla Crash Torpedoes Stock PriceBack

TeslaSkittish investors in high-flying Tesla, maker of expensive electric cars, bid down the company’s stock price 4 percent Monday after reports that a Tesla model S burned after slamming into a concrete barrier and a tree in Mexico. Tesla noted that the driver was unhurt in the Oct. 18 wreck near Merida, Mexico, which the automaker says should be viewed as a demonstration of the car’s high level of crashworthiness rather than any inclination to catch fire. It was the second high-profile Tesla fire.

Source: USA Today

Posted by Leana Kell on 03/11/2013