Opinion: Has Tesla's fire chilled the battery car market?
 

Filed under: Sedan, Hatchback, Tesla, Electric, Luxury

http://hss-prod.hss.aol.com/hss/stor...del s fire.png

The nascent battery-car market just might be short-circuiting.

If this year is average, about 194,000 vehicles will catch fire before the ball drops in Times Square. And, for the moment at least, just one of them will have been a Tesla Model S. Of course, it didn't help that a passerby happened to catch that blaze in the Seattle suburbs earlier this month, quickly posting the video on YouTube (you can watch it yourself below).

Within hours, the images had gone viral and it didn't take much longer for Tesla investors to scramble to start selling off their shares, the high-flying stock plunging from a 52-week high of nearly $195 to as low as $163. Of course, that was still a heck of an increase from the year's low-point, but it suggested that much like the space station supply ships launched by Tesla founder Elon Musk's other venture, SpaceX, what goes up eventually may just have to come back down. It has also raised new concerns that the nascent battery-car market just might be short-circuiting.

Continue reading Has Tesla's fire chilled the battery car market?

Has Tesla's fire chilled the battery car market? originally appeared on Autoblog on Mon, 14 Oct 2013 19:00:00 EST. Please see our terms for use of feeds.



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