Tesla Model S (NASDAQ:TSLA) Catches Fire in France

Tesla Model S (NASDAQ:TSLA) Catches Fire in France

Tesla Model S (NASDAQ:TSLA) Catches Fire in France, Burns to Ground


A Tesla (NASDAQ:TSLA) EV (electric vehicle) caught fire during a promotional tour in southwest France, and those aboard escaped unharmed.

A brand new Tesla Model S abruptly caught fire while prospective buyers were test-driving it as part of a event organized by the company. A low-resolution photo of the car burning to the ground was published earlier today on Reddit by a user who received it via WhatsApp.

Tesla said in a statement that it is “working with the authorities to establish the facts” about Monday’s fire in Bayonne.

The driver was quoted in local newspaper Sud Ouest as saying he answered a Facebook (NASDAQ:FB) ad offering test drives of the Model S sedan. The driver said he saw smoke, and the 3 people aboard got out before seeing it catch fire.

Regional administration spokesman Patrice Abbadie said Tuesday that nobody was hurt and no property was damaged.

The US government investigated Tesla in Y 2013 after 2 fires in Model S sedans, but closed the investigation after Tesla raised the cars’ suspensions and added a titanium shield to protect their volatile lithium-ion batteries.

The company is aware of the incident, and it has already opened an investigation to find the cause of the fire, but it has not come to a conclusion yet. The vehicle was completely destroyed.

Symbol Last Trade Date Change Open High Low Volume
NASDAQ:TSLA 224.63 16 August 2016 -0.96 225.49 227.19 223.41 1,758,043
HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Neutral (0.05) Neutral (0.09) Neutral (-0.23) Bullish (0.28)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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