Tesla (NASDAQ:TSLA): There Appears to be Deadly Risk Driving its EVs
- Motorists are Worried World Wide
Most of you will have heard of the Tesla (NASDAQ:TSLA) EV that is made Northern California. This electric car has been touted and heralded as the 1 that will save our planet.
Hang on, last week one crashed in the Canton of Ticini in Switzerland and caught fire and the driver was killed.
These things happen you say, yes they do, but…
It is not the crash that is worrying is that the authorities and regulators, what is the Key concern is that they now believe that the Lithium-ion battery is unstable and have a “Thermal Runaway”.
Thermal Runaway means is that when a Tesla EV crashes it causes the battery to overheat and then the car bursts into flames, which is what happened in the Swiss case.
Now, this is not an isolated case.
Recently 2 teenagers died in Arizona when their Tesla crashed and burned, too.
We here at HeffX-LTN believe that this could be a cause for major concern. Also, it means that not enough research is being done and that the race to put to electric cars into the mass market in any numbers is very falwed.
There are other safer alternatives, as technical reports that I have read from ITRI clearly state that Lithium-ion batteries are unstable.
We do not understand why, since the world is awash in Crude Oil (the world’s most efficient fuel), and the highly developed, extremely efficient internal combustion engine is always being demonized by anti-fossil fuel advocates.
I do not believe that the Tesla EV’s or any other for at that matter is the smart choice for Happy Motoring.
As for the stock play, it is terrific for professional participants.
|NASDAQ:TSLA||279.07||23 May 2018||4.06||277.76||279.91||274||5,985,000|
|HeffX-LTN Analysis for TSLA:||Overall||Short||Intermediate||Long|
|Bearish (-0.41)||Bearish (-0.35)||Bearish (-0.40)||Bearish (-0.47)|
Latest posts by Paul Ebeling (see all)
- The Chinese will Account for 50% of Luxury Sales by 2025 - November 15, 2018
- Next Round of US China Tariffs on Hold Pending Settlement Talks at the G-20 - November 15, 2018
- President Trump, NKorea’s Chairman Kim to Meet in 2019 - November 15, 2018